Ikeo gets the nod as Japanese opposition folds

Kazuhito Ikeo, an economics professor, will join the Bank of Japan's Monetary Policy Council after the country's main opposition party decided to revoke its earlier rejection of his nomination.

Tenzo Okumura, a member of the opposition Democratic Party of Japan (DPJ), said it would approve Ikeo's nomination after the party's executive met to discuss the appointment in Tokyo on Thursday.

The DPJ controls the upper house of the Diet, giving it the power to reject senior central bank appointment

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