Tussle forces Tokyo to drop Ikeo nomination

Japan's ruling party will abandon its bid to appoint Kazuhito Ikeo to the Bank of Japan's rate-setting council after the opposition said it would no longer support the move.

Nobutaka Machimura, the ruling Liberal Democratic Party's chief cabinet secretary, told reporters on Tuesday that the party is withdrawing its nomination of Ikeo, a well-respected economics professor at Keio University, after the opposition Democratic Party of Japan said it would veto the candidate, despite earlier pledgi

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