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Japan will retain its grip on the position of deputy managing director at the International Monetary Fund after its chief Kristalina Georgieva announced Wednesday that she intends to tap Kenji Okamura, a former top Japanese financial diplomat, for the post.

The IMF said Okamura, 60, will become one of the four deputy managing directors under Georgieva at the Washington-based multilateral lender, effective Dec. 3, succeeding Mitsuhiro Furusawa, who was also a former senior Finance Ministry official.

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