Japanese opposition vetoes Muto

The Democratic Party of Japan, the country's main opposition party, has rejected the government's nomination of Deputy-Governor Toshiro Muto to succeed Toshihiko Fukui at the helm of the Bank of Japan.

Yukio Hatoyama, the Democratic Party of Japan's secretary general, told reporters on Tuesday 11 March that they would block Muto's appointment along with that of Takatoshi Ito, who was nominated as deputy governor. But the opposition would accept Masaaki Shirakawa's appointment for deputy.