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Ruling parties to present BOJ appointments to Diet panel Wed.

TOKYO, Feb. 25 Kyodo

The ruling parties are likely to present on Wednesday the government's choice of Toshihiko Fukui as the next Bank of Japan (BOJ) governor and two new deputy governors to steering committees of both houses of the Diet, coalition lawmakers said Tuesday.

Members of the ruling coalition's task force on appointments requiring Diet approval exchanged views Tuesday in the Diet regarding the schedule, the lawmakers said.

The Liberal Democratic Party, the New Komeito party and the New Conservative Party are expected to formally agree on the procedure on Wednesday afternoon at a meeting of the task force and make the presentation the same day, they said.

Prime Minister Junichiro Koizumi has named the 67-year-old Fukui, a former BOJ deputy governor who is currently chairman of the Fujitsu Research Institute, to replace outgoing BOJ Governor Masaru Hayami whose term expires March 19.

Koizumi also decided to appoint Kazumasa Iwata, 56, director general for economics assessment and policy analysis at the Cabinet Office, and Toshiro Muto, 59, former vice finance minister, as the bank's two deputy governors.

The BOJ appointments are expected to receive Diet approval in mid-March.
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Publication:Japan Policy & Politics
Date:Mar 3, 2003
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