BOJ left leaderless

By Berni | March 19, 2008

BOJ left leaderless

Mar. 19 – BOJ Governor Toshihiko Fukui’s retirement puts the central bank in temporary hands, after a second government nominee was rejected.

 

The first such vacancy in over 80 years will mean the world’s No. 2 economy taps a stand-in, likely Deputy Governor Masaaki Shirakawa, who would step up amid raging market turmoil and global financial jitters.

Dan Sloan reports.

BOJ left leaderless

correct the statements

  1. The BOJ governor will retire on Thursday.
  2. One potential Governor has been nominated and rejected.
  3. Japanese politicians are in agreement over the rejection.
  4. The deputy governor hasn’t been decided either.
  5. Central bank is uncoordinated.
  6. The US Federal Reserve hasn’t made any rate cuts.
  7. Japan is likely to tighten fiscal policy further.
  8. The local press is happy with the status quo.
  9. Te financial markets were affected negatively.
  10. The Nikkei fell on Wednesday.

 

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