Hot sectors in a tepid recovery
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UPDATE 2-Japan govt set to nominate BOJ deputy governor
(Recasts headline)
TOKYO, Oct 14 (Reuters) - Japan's government is set to nominate a candidate for deputy governor of the Bank of Japan to parliament, in a move Prime Minister Taro Aso said was necessary for helping the nation guide the economy through the global financial turbulence.
Aso said he believed the opposition Democratic Party, which outnumbers the ruling bloc in the upper chamber of parliament, whose approval is needed for BOJ board appointments, would agree to the government's nomination.
"We think we can gain understanding," Aso told reporters.
The government is expected to submit the nominee to a meeting of upper and lower house lawmakers to be held on Wednesday, Jiji news agency reported.
The Japanese central bank has had two vacancies, including one for deputy governor, since March as the government's nominations have been rejected by the upper house.
Five government nominees so far have fallen victim to a political battle in Japan's divided parliament, where the opposition together with its allies controls the upper house.
Opposition parties have argued that having former government bureaucrats on the BOJ board would threaten its independence from the government when setting monetary policy. (Reporting by Yuzo Saeki and Leika Kihara; Editing by Hugh Lawson)
