BIS appoints new Asian Consultative Council chair

Japan's central bank governor will become new chair of BIS Asian Consultative Council

The Bank for International Settlements (BIS) has named Masaaki Shirakawa as chair of the BIS Asian Consultative Council (ACC), for a term of two years from October 2010.

Shirakawa succeeds Zeti Akhtar Aziz, governor of the central bank of Malaysia as ACC chair. Zeti chaired the council from October 2008 to September 2010.

Shirakawa is governor of the Bank of Japan. He joined Japan's central bank in 1972 and was appointed deputy governor of the bank in 2008.

The ACC comprises the governors of the