For those interested in seeing my first ever TV appearance, the video is available at CNBC's website, here.
Tag: BOJ succession crisis
Speaking of democracy
Addressing the DPJ's rejection of the nomination of Watanabe Hiroshi to be deputy governor of the Bank of Japan at a press conference Wednesday, Chief Cabinet Secretary Machimura Nobutaka commented upon the internal dynamics of the DPJ. He said, "Although a majority of the DPJ's investigatory subcommittee on joint personnel decisions approved the nomination, I …
All’s well that ends well; or, much ado about nothing?
As expected, the DPJ-led House of Councillors approved the nomination of Shirakawa Masaaki, the acting governor of the Bank of Japan, to serve as the full-fledged governor, thus ending Japan's three-week nightmare with only an acting governor at the helm of the BOJ. Mr. Shirakawa will make his debut on the international stage later this …
Continue reading All’s well that ends well; or, much ado about nothing?
Observing Japan on CNBC Asia
I will be appearing on CNBC Asia's "Asia Squawk Box" to discuss the BOJ succession at around 8:40am Japan time Thursday.It is my understanding that American viewers can watch it on CNBC World at approximately 7:40pm EDT.
Without a clue
LDP proposes, DPJ disposes — again.As MTC points out, the LDP did the exact same thing in introducing the nomination of Tanami Koji as it did with the nomination of Muto Toshiro: it failed to consult with the DPJ beforehand.Indeed, showing that it has learned absolutely nothing and suggesting that the government is in fact …
The BOJ battle’s winners and losers
The big news of the day is, of course, the government's decision to submit a new candidate for the BOJ governorship in place of Muto Toshiro. It is still unclear who the government will submit in his place — the LDP is reportedly sounding out the plausibility of Mr. Fukui's staying in office, although the …
Signs of compromise?
With the end of Fukui Toshihiko's term as BOJ president rapidly approaching, there are signs that the LDP and the DPJ might be able to come to terms on the nomination of his successor.Messrs. Oshima and Yamaoka, Diet strategists for the LDP and DPJ respectively, met once more on Thursday and agreed that a vacancy …
Bank chaos
The fight between the LDP-Komeito governing coalition and the DPJ over the leadership of the Bank of Japan shows no sign of abating.On Wednesday, of course, the DPJ-led House of Councillors formally rejected the government's nomination of Muto Toshiro to be the new president of the BOJ. The government has resubmitted Mr. Muto's nomination in …
The looming empty chair "crisis"
Following the government's formal nomination of Muto Toshiro for the post of BOJ president on Friday, the LDP launched a war of words over the weekend to paint the DPJ as irresponsible and pressure it to accept Mr. Muto to prevent a vacancy at the BOJ.On Saturday, Tanigaki Sadakazu, LDP policy chief and former finance …
The LDP acts to shift the blame
In a transparent attempt to shift the blame for the Bank of Japan "crisis" from the government to the DPJ, today the Fukuda Cabinet officially submitted its nomination of Muto Toshiro to be the next BOJ president. If a Mr. Muto or another candidate is not confirmed within the next twelve days, the post will …
Tobias S. Harris 