Central Banking

Takenaka faces no-confidence vote in Japan

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JAPAN - Heizo Takenaka, Japan's embattled economic czar, will today face a parliamentary vote of no confidence as the opposition tries to exploit a clash within the ruling Liberal Democratic party over how to tackle the country's banking crisis.

Mr Takenaka was this week forced to postpone the announcement of proposals for dealing with banks' bad loans, the Financial Times reported, amid strong opposition from senior LDP members worried that his action could tip Japan's delicate economy into full

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