Thursday, March 20, 2008 8:16 am
Shirakawa to act as interim BOJ Governor
Masaaki Shirakawa, newly appointed Bank of Japan deputy governor, will act as an interim governor of Japan’s central bank until the government can get the opposition to agree on a candidate, outgoing governor Toshihiko Fukui announced Wednesday.
“It is obviously doubtful that any organization or company can operate favorably for long without a head,” Fukui said at his last press conference as BOJ Governor.
“The lack of a leader increases the burden” on the central bank, Fukui went on. “I hope the two talented deputies will move the bank forward by supporting it as its two wheels.“
Masaaki Shirakawa, a former BOJ executive director, was accepted as deputy governor Wednesday, while the ruling Liberal Democratic Party’s candidate for the main post, former vice Finance Minister Koji Tanami, was turned down by the opposition-controlled upper house.
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Japan News Review
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