News Headline Summary

Japan PM Abe's close to selecting nominee for next BoJ Governor, likely to make final decision in next few days; former finance minister official Toshiro Muto remains leading candidates, according to sources

Reaction details (03:28)

- USD/JPY moved lower 19 pips from 92.73 to 92.54; trades 92.53 (-33 pips) last.

Analysis details (03:42)

- Toshiro Muto is currently Head of a private think tank Daiwa Institute of Research.
- Muto Was nominated for the job in 2008 but consequently rejected in the upper house, where the ruling coalition did not have a majority. Muto feels the BoJ can buy more LT government bonds and expand asset purchases more aggressively.

15 Feb 2013 - 03:18 - Fixed Income - Source: Newswires

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