Japan Nominates Former Toyota Executive to BOJ Policy Board
This article is for subscribers only.
The Abe administration picked a veteran executive of Toyota Motor Corp., one of the biggest beneficiaries of Abenomics, to replace a Bank of Japan board member who in October had opposed expanded monetary stimulus.
Yukitoshi Funo, 68, a former chief of Toyota’s North American operations, was nominated for the seat. He must be confirmed by both houses of parliament, where Prime Minister Shinzo Abe’s coalition holds majorities.