Koizumi offers no clues on BOJ choice

Japan's prime minister Koizumi kept his cards close to his chest on the looming choice for next BOJ governor, reiterating in Parliament he wants an "aggressive deflation-fighter" and a "respected and excellent person."

In other news an opposition lawmaker got outgoing governor Hayami to admit a 1-percentage-point rise in 10-year JGB yields would wipe out Y1 trillion in BOJ's capital, implying central bank capital would evaporate if rates should spike to around 6%.

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