Japan’s Ikeda may become deputy finmin -source

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, June 8 (BestGrowthStock) – Motohisa Ikeda, a proponent of
all-out monetary easing by the Bank of Japan, has been asked to
become deputy finance minister, a source close to the lawmaker
told Reuters on Tuesday.

Ikeda would become one of two deputies to Yoshihiko Noda, who
has been appointed finance minister.

Ikeda told Reuters in April the BOJ should target 2 percent
inflation in around two years and help weaken the yen to as low
as 120 to the dollar by implementing all-out monetary easing to
support Japanese exporters. [ID:nTOE63F06Q]

Vice finance ministers have the right to attend BOJ monetary
policy meetings as government representatives. Noda attended four
BOJ meetings while he was vice finance minister and asked for the
central bank’s cooperation to end deflation.

Stock Investing
(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

Japan’s Ikeda may become deputy finmin -source