Prime Minister Shinzo Abe has moved to reinforce the Bank of Japan’s fight against deflation by appointing a Toyota adviser to its policy board.
Yukitoshi Funo, who once headed Toyota’s US division, will join the nine-member BoJ policy board in July if his appointment is approved by parliament.
Although Mr Funo’s views on monetary policy are not known, Toyota is one of the biggest beneficiaries of yen weakness brought about by the BoJ’s aggressive stimulus.
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