Stalemate ends as Shirakawa is approved

Masaaki Shirakawa is the new governor of the Bank of Japan after the opposition Democratic Party of Japan accepted his nomination on Wednesday, ending a political standoff that has embarrassed both the central bank and the ruling Liberal Democratic Party.

However, the opposition vetoed the nomination of Hiroshi Watanabe, a professor and former vice-finance minister, for the role of deputy on grounds that his association with the finance ministry would compromise the central bank's independence

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