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Bank of Japan Governor Masaaki Shirakawa has offered to step down three weeks early on March 19,...

Bank of Japan Governor Masaaki Shirakawa has offered to step down three weeks early on March 19, when the BOJ's two deputy governors are also due to leave. The yen fell vs the dollar following the news and is now -1%, possibly on expectations that Shirakawa's proposed early departure could accelerate the bank's stimulus activities.
Comments (1)
  • I wonder if there is a way for an investor to purchase "key man" insurance on Mr. Shirakawa's replacement? This will probably repeat a few more times in the next few years. New BOJ governor selection process:

     

    http://bit.ly/YQOitu
    5 Feb 2013, 09:08 AM Reply Like
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