Central Banking

Muto: a governor-in-waiting?

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Japan's ruling Liberal Democratic Party is expected to nominate Toshiro Muto as the next governor of the Bank of Japan. But opposition leaders continue to resist his nomination.

Muto, currently deputy governor at the central bank, is widely accepted as the leading candidate to take over from Toshihiko Fukui, whose term expires next month.

But the matter has become a political football, with the opposition Democratic Party of Japan, who gained control of parliament's upper house in July last year

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