This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7335911.stm
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Decision nears on Japan bank head | Decision nears on Japan bank head |
| (about 4 hours later) | |
| The acting governor of the Bank of Japan, Masaaki Shirakawa, has chaired his first interest rate-setting meeting since assuming the post in March. | The acting governor of the Bank of Japan, Masaaki Shirakawa, has chaired his first interest rate-setting meeting since assuming the post in March. |
| He was also questioned by both houses of parliament as the government's latest choice to take the top job permanently at the central bank. | He was also questioned by both houses of parliament as the government's latest choice to take the top job permanently at the central bank. |
| Interest rates are likely to be kept unchanged at 0.5% when the decision is announced on Wednesday. | Interest rates are likely to be kept unchanged at 0.5% when the decision is announced on Wednesday. |
| Mr Shirakawa's nomination is expected to be approved the same day. | Mr Shirakawa's nomination is expected to be approved the same day. |
| The government's two previous nominations were rejected by the opposition-controlled upper house of parliament, which claimed they were not independent enough. | The government's two previous nominations were rejected by the opposition-controlled upper house of parliament, which claimed they were not independent enough. |
| Mr Shirakawa took over as acting governor when Toshihiko Fukui retired on 19 March and the government nominated him for the post of governor on Monday. The main opposition party has indicated its support for him. | |
| The government is keen to get its candidate approved so it has a central bank governor to send to the G7 meeting at the weekend. | The government is keen to get its candidate approved so it has a central bank governor to send to the G7 meeting at the weekend. |