• Reuters

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Japan’s Lower House on Thursday approved the government’s nominees to replace two policymakers who will retire from the Bank of Japan’s board in July, all but sealing full approval for the appointments in the legislature.

Hajime Takata, a private sector economist and a bond market expert, will replace Goushi Kataoka, a vocal advocate of massive stimulus policy. Meanwhile Naoki Tamura, a senior adviser at Sumitomo Mitsui Banking Corp., is set to succeed former commercial banker Hitoshi Suzuki.

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