Japan ruling-party members concerned about BOJ's future

Japan s ruling-party members see the possibility of a division within the party if Prime Minister Fumio Kishida chooses Hirohide Yamaguchi as the next Bank of Japan governor.

With the appointment of Haruhiko Kuroda's successor next week, several Liberal Democratic Party members said there will be opposition within the party if Kishida chooses former BOJ Deputy Governor Yamaguchi. They spoke on condition of anonymity.

The yen fluctuated against the dollar after the report, as did the benchmark index of stocks in Japan. According to Asia-based FX traders, trading algorithms acting on keyword triggers have been the cause of the currency swings.

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