For years during various gatherings of international policymakers such as the BIS, the G8, etc., Trichet has made it a point to meet for frank private discussions with Federal Reserve Chairman Alan Greenspan and Bank of Japan Governor Toshihiko Fukui
. Together, these three are said to have established a close-knit informal discussion club with exchanges significantly more straightforward than those taking place during official meetings.
Both Masaru Hayami and establishment conservative Toshihiko Fukui
got caught up in the bubble insanity of the late 80s: Hayami at Nissho Iwai by encouraging the foolish real estate investments that helped bring that once-proud trading house to its knees; Fukui as deputy Bank of Japan head when it was encouraging the banks to expand real estate financing.
TOKYO - The Japanese economy will slow for a while as housing investment has been declining ''to a large extent,'' Bank of Japan Governor Toshihiko Fukui
Yukio Hatoyama, secretary general of the main opposition Democratic Party of Japan, indicated Friday the DPJ will not support Deputy Bank of Japan Governor Toshiro Muto if he is picked to succeed Toshihiko Fukui
as chief of the central bank.
New BOJ governor Toshihiko Fukui
, in order to initiate genuine supply-side reform, would have to stop the BOJ from buying Japanese government bonds, thereby forcing up long-term interest rates.
TOKYO - Bank of Japan Governor Toshihiko Fukui
asked legislators Friday to pick as his successor a person with four particular qualifications, including the ability to lead policy-formulating discussions at the bank's Policy Board.
Among those at the service were former Prime Minister Junichiro Koizumi, Ichiro Ozawa, president of the main opposition Democratic Party of Japan, Chikage Ogi, president of the House of Councillors, Bank of Japan Governor Toshihiko Fukui
That is why the appointment of Toshihiko Fukui
as governor of the Bank of Japan is a positive step.
Investors bought the bond, sending the yield down, after Bank of Japan Governor Toshihiko Fukui
showed a cautious stance Friday morning during testimony at the House of Representatives towards raising the central bank's key short-term interest rate anytime soon.
BOJ Governor Toshihiko Fukui
warned of both risks of inflation and an economic downturn in Japan in the current global economic environment where crude oil and other raw material prices have been shooting up and uncertainties stemming from the U.S.
The move came after BOJ Governor Toshihiko Fukui
acknowledged last week that he put 10 million yen into a fund established by Yoshiaki Murakami, who was arrested earlier this month for alleged insider trading, in 1999 before becoming central bank chief in 2003.
NAGOYA - Bank of Japan Governor Toshihiko Fukui
said Monday that he believes the adjustment in the U.S.