Japan's main opposition party, the DPJ, plans to oppose the nomination of Kikuo Iwata as the...

|By:, SA News Editor

Japan's main opposition party, the DPJ, plans to oppose the nomination of Kikuo Iwata as the Deputy Governor of the Bank of Japan in a vote on Friday. Support from smaller parties should enable the government to win approval for Iwata - who's considered to be a strong advocate of easing policies - in the upper house, where it lacks a majority. However, that's not stopped the yen from strengthening and shares from falling. The Nikkei closed at -0.6% and the dollar is -0.3% at ¥95.78.