Bank of Japan scandal last thing Japan needs

According to this article by Bloomberg, published Friday 16 June, the Bank of Japan risks getting in the way of an economic recovery again, with a political scandal.

The article looks at BOJ governor Toshihiko Fukui's position, with pressure on him to resign over a 10 million yen ($86, 950) investment in a fund founded by Yoshiaki Murakami.

"My own questions are bit more basic. One: What in the world was he thinking -- that nobody would notice? Another: hasn't the BOJ ever heard of blind trusts?"

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