New face to front foreign exchange policy in Japan

Zembei Mizoguchi became Japan's new voice on foreign exchange policy Tuesday, taking on the tough task of deciding when and by how much to intervene in the market to halt a rapid rise in the yen, analysts said. Speculation also mounted that Haruhiko Kuroda, the outgoing vice minister for international affairs, left his post to take a new job as governor or deputy governor at the Bank of Japan (BoJ).

Prime Minister Junichiro Koizumi is due to make one of the most important decisions of his poli