Central bank governor nominee approved

April 9, 2008 at 1:48 AM

TOKYO, April 9 (UPI) -- Japan's upper house of Parliament Wednesday approved Masaaki Shirakawa as the next governor of the central bank, ending three weeks of political wrangling.

The previous two nominees of Prime Minister Yasuo Fukuda's government for the top post at the Bank of Japan were rejected by the upper house, which is controlled by opposition parties. Fukuda's coalition government enjoys a big majority in the lower house.

In the absence of a governor the past three weeks, Shirakawa had been acting in that position, Kyodo news service reported.

While Shirakawa's nomination was cleared, the upper house voted down Hiroshi Watanabe, former vice finance minister for international affairs, for one of the two central bank deputy chief posts, Kyodo said.

The appointments of governor and deputies require the approval of both houses of Parliament.

Shirakawa's approval also comes just in time before the Friday meeting of the financial heads of the Group of Seven countries in Washington, D.C.

Related UPI Stories
Latest Headlines
Trending Stories
Walgreens to sell heroin overdose antidote naloxone without prescription
Hospital mortality drops with lower patient-to-nurse ratio
Kanye West under fire after Bill Cosby tweet
Plus-size model Ashley Graham nabs Sports Illustrated swimsuit spread
IKEA issues recall after glass ceiling lamps crash to ground