BoJ management moves disappoint forex market

Toshihiko Fukui, who has worked at the Bank of Japan for 44 years, was nominated as incoming governor of the bank to replace incumbent Masaru Hayami, who steps down from his position at the start of April.

"Currency markets were disappointed," said David Bloom, currency strategist at HSBC in London. "With Japan’s economy stuttering and burdened with huge government debt, the appointment of a reformer would have been welcomed by the market, he added. "People were hoping there would be somethin