The victor emerges

Special Report: Regulator profile


Fielding predictable questions over whether he is a monetary policy hawk or dove, Masaaki Shirakawa was non-committal at his inaugural press conference. "I do not like to be called a hawk or a dove," said the new governor of the Bank of Japan (BoJ). "I feel sorry for the birds, as I am a bird watcher."

This mildly irritated response to a simplistic categorisation is perhaps not surprising. But given that Shirakawa's name only emerged towards the end of a bruising political battle over the

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