• Kyodo


Finance Minister Koriki Jojima on Monday reappointed Hiroshi Nakaso as executive director of the Bank of Japan.

Nakaso will be responsible, as head of a Bank for International Settlements panel, for compiling a report on the probe into the rate-rigging scandal over the London Interbank Offered Rate, or Libor.

It is the first time a BOJ executive director has been reappointed since the BOJ Law came into force in 1998.

Nakaso, who will serve a second four-year term, assumed the post in November 2008 after serving as head of the BOJ’s Financial Markets Department.

The BIS report will be due by January.

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