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News and research before hearing about CNBC and others. TOKYO (Reuters) – The Japanese government on Tuesday named Toshihide Endo, the career bureaucrat, as its main financial regulator, a move widely seen as a sign that reforms Endo, 59, currently chief executive of the dog's supervision bureau will succeed Commissioner Nobuchika Mori of the Financial Services Agency (FSA), who, during her three years, pushed the reforms Endo will officially take office on 17 July, according to an announcement made Tuesday by the Minister Taro Aso Finance, who is also a minister in Under Mori 's leadership, the FSA has introduced corporate governance reforms aimed at making the Japanese market more attractive to investors, by increasing the number of investors. Externa Endo has worked closely with Mori on the reforms and is expected to continue Mori's agenda, FSA sources told Reuters.
Mori greatly contributed to the continuation of the way banks should be, "Aso told reporters after a cabinet meeting.
" I put the right person in the right place, "added M Aso. "Endo is probably nicer than Mori."
Since 2015, Endo has supervised the country's financial companies at the FSA's supervisory office, and previously headed his inspection office.
Mori held the financial industry partly responsible for the large amount of household savings remained unused in bank deposits and criticizing investment professionals for not working in the best interest of their clients [19659006] (Report by Takahiko Wada and Tetsushi Kajimoto, Editor of Leika Kihara, Eric Meijer Edition) [19659012] window.fbAsyncInit = function () {
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