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Tatsuo Yamasaki named as Japan's top financial diplomat

Published on Jul 4, 2014 11:31 AM

TOKYO (REUTERS) - A Japanese official who's long worked on global financial issues will become the country's vice finance minister for international affairs, the government said on Friday.

The Ministry of Finance said Tatsuo Yamasaki, 56, will take over from Mitsuhiro Furusawa, who will retire, on Friday as part of a routine personnel reshuffle, indicating no change in policy.

Like many of his predecessors as Japan's top financial diplomat, Yamasaki has been director-general of the MOF's International Bureau.

Yamasaki joined the ministry in 1980 and has spent most of his career at the international bureau, supervising areas such as development policy and foreign exchange markets. He served as director of the foreign exchange division in 2002-2004, during which Japan spent about 35 trillion yen (S$427 billion) intervening in the currency market to stem the yen's strength.

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