• Kyodo

  • SHARE

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.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW