Japanese government backs Muto for governor

Yasuo Fukuda, Japan's prime minister, on Friday 7 March nominated deputy governor Toshiro Muto to replace Toshihiko Fukui at the helm of the central bank despite fears that the country's main opposition party will reject the nomination.

Takatoshi Ito, an academic, and Masaaki Shirakawa, a former executive director at the Bank of Japan now also an academic, won the nominations for the two deputy governor positions.

Delayed by political wrangling, the nominations come less than two weeks before

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