Under an inflation target, which Hayami has opposed, the Bank of Japan would set a goal for an increase in prices in a specified period of time and pump money into the economy until the goal is met.
Nakahara's appointment to head the central bank "would be extremely negative for the yen," said Marshall Gittler, foreign exchange strategist in Tokyo at Deutsche Bank AG, the third-largest trader in the US$1.2-trillion-a-day currency market.
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