Japan Picks FX Expert to Help Oversee BOJ's Negative-Rate Plunge
- Shinsei Bank's Takako Masai set to join Bank of Japan board
- Former FX trader to replace Ishida, who opposed rate policy
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The Abe administration will nominate Takako Masai, a foreign-exchange specialist at Shinsei Bank Ltd., as a Bank of Japan board member, putting the scuba-diving enthusiast in the midst of a debate over the adoption of negative interest rates.
Masai, 51, is to fill the seat of former bank executive Koji Ishida, whose term ends on June 29. Parliamentary approval is assured as the governing coalition controls both houses of parliament.