Friday, March 21, 2008 6:25 pm | 
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Asahi: Politics at a standstill
The Bank of Japan is now left without a governor, an unusual situation that has hit Japan at a crucial moment for the world economy. The vacancy of the top BOJ post resulted directly from action taken Wednesday by the opposition camp led by Minshuto (Democratic Party of Japan). In an Upper House vote, the dominant opposition bloc rejected the government’s latest nominee for new central bank chief, Koji Tanami, a former vice finance minister.
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
