Lebanon and Japan have about 40 days to decide whether ousted Nissan-Renault-Mitsubishi boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday.

Ghosn fled to Lebanon, his childhood home, just before New Year's Day as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies.

Japan and Lebanon have no extradition agreement and Lebanon does not typically hand over its nationals. Ghosn's legal team is hoping to hold the trial in Lebanon, where the former auto executive enjoys deep ties and hopes to clear his name.