Ex-central bank official to lead Ito-Yokado bank

JAPAN - Ito-Yokado Co Ltd, Japan's biggest retail group, said on Apr 10 it would appoint central bank veteran Takashi Anzai, 59, as president of its new IY Bank.

IY Bank, officially formed on Apr 10, is scheduled to start operations in May 2001, hiring 130 people initially as it tries to pry open the cosy banking sector by luring individuals through its low-cost nationwide services.

Anzai, currently an Ito-Yokado adviser, was a director of the Bank of Japan for four years to November 1998, befo