Roundup of world financial, banking and stock market news.

Thursday, 17 September 2009

Tough Economic Road Ahead For Japan


Faced with the daunting task of reinvigorating the world's second-biggest economy, Japan's freshly installed prime minister turned to one of his party's most experienced hands as finance chief.

Delivering change may well depend on veterans like Hirohisa Fujii who know how to work the system.

At 77, Fujii is the new Cabinet's oldest member whose lengthy resume includes a previous stint as finance minister in the early 1990s. Earlier in his career, he spent more than two decades working in the Ministry of Finance.

Read more here.

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