TOKYO (MNI) – The Japanese government on Thursday formally
appointed Yoshihisa Morimoto, 65, a former director at Tokyo Electric
Power Co., to the Bank of Japan policy board, effective immediately, the
BOJ announced.
Parliament has approved his nomination.
Morimoto’s entry returns the BOJ’s policymaking body to its full
complement of nine officials: the governor, two deputy governor and six
other members.
Morimoto stepped down from his current position as director at the
utility on Wednesday and assumes the new post at the BOJ today.
The last board position has been left unfilled since Kiyohiko
Nishimura was promoted to be one of the two deputy governors in March
2008.
Morimoto will hold a news conference at the BOJ at 1700 JST (0800
GMT) today, the BOJ said.
tokyo@marketnews.com
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