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Parties agree on Bank of Japan governor

April 4, 2008 at 2:38 PM

TOKYO, April 4 (UPI) -- The opposition Democratic Party of Japan agreed Friday to support the promotion of Masaaki Shirakawa to governor of the Bank of Japan, a party leader said.

Shirakawa has been deputy governor.

Party Secretary-General Yukio Hatoyama indicated the party would also back former Vice Finance Minister for International Affairs Hiroshi Watanabe as a replacement for Shirakawa as deputy governor, Kyodo news reported.

''We, the DPJ, approved deputy governor Shirakawa so I think it would be difficult from a logical point of view for us not to approve him as governor,'' Hatoyama said at a news conference.

The government is expected to make the proposals official Monday, the report said.

The bank has been without a governor since Toshihiko Fukui resigned from his five-year term on March 19.

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