Toyota executive slated to join BoJ board

Bank of Japan

The Japanese government has nominated a former Toyota executive to the Bank of Japan's (BoJ) policy board, the second new member slated to join the central bank's ranking committee in three months.

Yukitoshi Funo, a 68-year-old former head of Toyota's US operations and current adviser to the company, will, if confirmed, replace Yoshihisa Morimoto, an opponent of the BoJ's decision to expand its asset purchase programme in October, whose term expires in June.

Funo's nomination must clear both hou

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