ID :
24591
Wed, 10/15/2008 - 16:39
Auther :
Shortlink :
https://oananews.org//node/24591
The shortlink copeid
Gov't plans to present BOJ deputy governor nominee to Diet on Wed.+
TOKYO, Oct. 14 Kyodo - The government plans to present a nominee for Bank of Japan deputy governor to the Diet on Wednesday, Prime Minister Taro Aso said Tuesday.
Aso said now is an appropriate timing to take such a step as Japan needs to
deal with the global financial crisis and address issues discussed during
Friday's Group of Seven industrialized nations' meeting.
Asked whether the Democratic Party of Japan will approve of the government's
choice for the deputy governor's job, Aso said he thinks the largest opposition
party will not oppose in light of the grave nature of the current financial
crisis.
After former Deputy Governor Masaaki Shirakawa became central bank chief in
April, a plan to have Hiroshi Watanabe, a former vice finance minister for
international affairs, fill the post vacated by Shirakawa was rejected by the
opposition-controlled upper house although it passed the lower house. One of
the two deputy governor posts has remained vacant since then.
The professor at Hitotsubashi University failed to get a nod from the DPJ as it
argued that the party was against a practice known as ''amakudari'' whereby
senior bureaucrats assume post-retirement jobs at entities related to the
sectors they formerly oversaw.
The DPJ also said that letting former senior Finance Ministry officials assume
BOJ executive posts would hurt the central bank's independence from the
government in making monetary policy.
The appointments of the BOJ governor and deputies require the approval of both
houses of the Diet.
When asked whether the government will again choose a former Finance Ministry
official as a nominee, the prime minister said, ''I have no knowledge about
it.''
But a senior lawmaker in the ruling coalition said, ''I heard the nominee has
nothing to do with the ministry.''
Among candidates for the nominee are two former BOJ executive directors -- Eiji
Hirano, director of Toyota Financial Services Corp., and Nobuo Inaba, special
advisor to Ricoh Co., according to informed sources.
Chief Cabinet Secretary Takeo Kawamura is expected to name the candidate the
government recommends for the deputy governor's post when representatives from
the steering committees of the Houses of Representatives and Councillors
convene around noon Wednesday.
Aso said now is an appropriate timing to take such a step as Japan needs to
deal with the global financial crisis and address issues discussed during
Friday's Group of Seven industrialized nations' meeting.
Asked whether the Democratic Party of Japan will approve of the government's
choice for the deputy governor's job, Aso said he thinks the largest opposition
party will not oppose in light of the grave nature of the current financial
crisis.
After former Deputy Governor Masaaki Shirakawa became central bank chief in
April, a plan to have Hiroshi Watanabe, a former vice finance minister for
international affairs, fill the post vacated by Shirakawa was rejected by the
opposition-controlled upper house although it passed the lower house. One of
the two deputy governor posts has remained vacant since then.
The professor at Hitotsubashi University failed to get a nod from the DPJ as it
argued that the party was against a practice known as ''amakudari'' whereby
senior bureaucrats assume post-retirement jobs at entities related to the
sectors they formerly oversaw.
The DPJ also said that letting former senior Finance Ministry officials assume
BOJ executive posts would hurt the central bank's independence from the
government in making monetary policy.
The appointments of the BOJ governor and deputies require the approval of both
houses of the Diet.
When asked whether the government will again choose a former Finance Ministry
official as a nominee, the prime minister said, ''I have no knowledge about
it.''
But a senior lawmaker in the ruling coalition said, ''I heard the nominee has
nothing to do with the ministry.''
Among candidates for the nominee are two former BOJ executive directors -- Eiji
Hirano, director of Toyota Financial Services Corp., and Nobuo Inaba, special
advisor to Ricoh Co., according to informed sources.
Chief Cabinet Secretary Takeo Kawamura is expected to name the candidate the
government recommends for the deputy governor's post when representatives from
the steering committees of the Houses of Representatives and Councillors
convene around noon Wednesday.
