Bank of Japan nominates new stand-in chairman
The Bank of Japan today (July 27) nominated Ryuzo Miyao, a member of the central bank's policy board, to act as chairman if the governor, Masaaki Shirakawa, and the two deputy governors, Hirohide Yamaguchi and Kiyohiko Nishimura, are "prevented from attending to their duties".
Despite the appointment, a spokesperson for the central bank said no stand-in chairman has ever had to take over as chair of a meeting.
Miyao replaces the previous stand-in chairman, Seiji Nakamura, who was given the role
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