Japan's Hatoyama appoints Fujii as finance minister

Japanese PM Hatoyama appointed veteran lawmaker Fujii as finance minister after taking office.

Japan's Hatoyama appoints Fujii as finance minister

Japanese Prime Minister Yukio Hatoyama appointed veteran lawmaker Hirohisa Fujii as finance minister after taking office on Wednesday.

Chief Cabinet Secretary Hirofumi Hirano confirmed the appointment.

Fujii, 77, a fiscal conservative who has expressed concern about the size of Japan's public debt, is a 20-year veteran of the finance ministry and served as minister in the early 1990s.

Fujii's caution over intervening in currency markets and his backing for ultra-loose monetary policy means he is seen as a technocrat who is unlikely to rock markets.

Hatoyama's Democratic Party of Japan defeated the Liberal Democratic Party in an election on Aug. 30 to oust the long-ruling LDP for only the second time in its 54-year history.

Reuters
Last Mod: 16 Eylül 2009, 16:51
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