Reins by filling the ldps top positions. Masahiko komura and Shigeru Ishiba retained their posts. Consumer Affairs Minister seiko noda as head of the partys general council. And Sanae Takaichi will change her focus from Public Relations to become the policy chief. Cabinet ministers are falling into place. He selected longtime ally Fumio Kishida as foreign minister. He served as minister in charge of okinawa and the northern territories. Analysts say that he chose him for his experience. The new foreign minister will have to deal with the relocation of the futenma air station in okinawa. Abe is pressuring the bank of japan again to swiftly join his government and put an end to deflation. He says its only natural for the government to get involved in shaping Monetary Policy noting that conventional steps have failed to pull japan out of the drawnout price downturn. Abe made his call with officials of the Japan Business federation or keidanren on tuesday. Translator soon after we form a n
More yen selling. The u. S. Dollar is rising further against the japanese currency on the Foreign Exchange market. The dollar has risen to the 85yen level for the first time in 20 months. Investors are selling yen on the tokyo Foreign Exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. The new Prime Minister shinzo abe will take up office later in the day. Analysts say the b. O. J. Will likely further boost its monetary easing measures. The dollar is currently trading at 85. 2631 yen. Ai uchida joins us now from the business desk for more on that. So ai, investors have been trading the dollaryen quite dramatically over the last several weeks. Thats right, catherine. Just a month and a half ago that pair was trading in the mid 79yen range. Almost six whole yen weaker in just six weeks. A dramatic move indeed. So going forward, what can we expect . Well, we spoke to disaburo nezo for his outlook. He is a Se
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