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Politics Ensnares the Bank of Japan

Our Correspondent
Feb 27, 2008
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Politics Ensnares the Bank of Japan
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Bank of Japan headquarters in Tokyo

With world stock markets volatile and the US economy teetering toward recession because of the sub-prime crisis, one of the many consequences of Japan’s divided Diet is that partisan politics has for the first time entered into the selection of a new Governor of the Bank of Japan.

Indeed, until last week there wasn’t e…

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