Moderating figure Toshiro Muto may have inside track for BoJ

02/18/2013 | Reuters

Toshiro Muto, considered to be a moderating voice for financial stimulus, is now believed to be the leading candidate to head up the Bank of Japan. Muto, chairman of the private Daiwa Institute of Research, "is considered as someone who would only follow the traditional approach such as expanding the BoJ's asset buying program. It would merely be an 'enhanced' version of the conventional approach," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

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