No honeymoon for Fukui

Toshihiko Fukui took office as the 29th governor of the Bank of Japan (BoJ) on the same day as the war erupted in Iraq, and the signs are that the road ahead will be no less tumultuous for him. After much speculation on the candidacy, some dubbed Fukui's appointment a "disappointment" as he is unlikely to lead the bank's policy board to a "regime change" to one ready to adopt inflation targetting.

A pre-emptive strike

Still, the 67-year-old veteran central banker managed to make a small preempti