Hayami to resign (maybe)

According to a report from the Friday 27 edition of Japanese newspaper, Yomiuri Shimbun, Governor of the Bank of Japan, Masaru Hayami plans step down after attending a meeting of top financial officials of the Group of Seven (G-7) this weekend in Washington if Prime Minister Junichiro Koizumi accepts his resignation.

Initially the Bank of Japan did not deny the report, saying that the governor, at the time in mid-flight on his way to Washington, could not be contacted. Later however, as he ar