New Tokyo Banker

The race is on for a successor to M. Yasushi Mieno as governor of the Bank of Japan. Likely candidates seem to be three former Finance Ministry officials. That's no surprise, as the post traditionally falls to BOJ men and Finance officials, and Mieno was from the central bank. But more intriguing to BOJ-watchers is that the early favorite is Yasuo Matsushita, 68, now chairman of Sakura Bank Ltd. Matsushita, who spent 34 years at Finance before joining Sakura in 1986, would be only the second governor to come by way of a private-sector bank.

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