Academic to replace BOJ board 'hawk' Shinotsuka

A leading supporter of higher interest rates on the Policy Board of Japan's central bank is expected to be dropped when her term ends this month.

Eiko Shinotsuka, known for strongly favouring credit tightening and an opponent of the Bank of Japan's 18-month experiment with zero interest rates, will be replaced by a Tokyo economics professor, government sources said on Mar 14, 2001.

The BOJ, which said in ending zero rates that the threat of deflation had gone, backtracked in Feb 2001 when it tw

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