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U.S. markets recover from steep losses
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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