Wednesday, February 20, 2013

The nomination of the new BoJ Governor was delayed by the Government by a week


Japanese  government has delayed nominating a Bank of Japan governor for a whole week, as there are talks of friction between the prime minister and the finance minister regarding who will take charge of the central bank and also will be able of taking bold action to revive and boost the Japanese economy.
As,  to take these bold actions the Prime Minister Shinzo Abe has demanded a candidate willing to carry out radical policies to pick up Japan out of years of deflation, also this candidate will have to take some aggressive actions.
On the other hand, a sources close to the selection declared that the Finance Minister Taro Aso and others in Abe's ruling party are looking for a more moderate candidate, as Some of the government officials are worried that a governor with some aggressive actions who will be promoting radical policies could upset financial markets.

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