Reform sceptic to head Bank of JapanFukui Nominated as Next BOJ Governor, LDP's Ohno Says
Feb. 24 03:18pm (Bloomberg) -- Toshihiko Fukui was nominated by the Japanese government to head the country's central bank, prompting bonds to rise on expectations that he won't move quickly to end almost five years of deflation... investors view Koizumi's choice as a conservative one given Fukui's calls for the government to avoid relying on monetary policy alone to prevent the economy sliding back into its fourth recession in a decade.
... there are concerns that Mr Fukui may not have enough inspiration to grapple with the many problems of Japan's recession-mired economy. ---BBC Monday, 24 Feb, 2003, 07:46 GMT
Koizumi would like a governor with a private sector background.... Toshihiko Fukui, a former deputy governor with a 40-year career at the bank behind him, from being put forward. Representing the "old BOJ" corner, Fukui in his public utterances has called for the bank to maintain its current easing policy but not extend it, instead seeking a thorough restructuring of companies to boost economic growth. ---Jan 9 (Reuters)
