Comment: Fukui's gaffe

Bank of Japan governor, Toshihiko Fukui, faces an uncertain future following his admission of a supposedly unethical investment. Even though prime minister Junichiro Koizumi immediately jumped to Fukui's defence, pundits are already saying the incident has damaged the central bank's reputation and weakened its hand.


Fukui this week admitted that he had made a Y10 million investment in the Murakami Fund in 1999. The fund was set up by the high-profile Yoshiaki Murakami

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