Bank of Japan governor Masaaki Shirakawa is to step down almost three weeks before the scheduled end of his five-year term.
His departure accelerates a leadership transition that may boost prime minister Shinzo Abe’s campaign for more aggressive monetary easing to revive the world’s third-biggest economy.
Mr Shirakawa’s decision, announced yesterday evening in Tokyo after a scheduled meeting with Mr Abe, allows a new governor and two deputies to be sworn in simultaneously.
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