Former BoJ chief to join Matsushita advisory panel: report

Former Bank of Japan governor Toshihiko Fukui, who stepped down in March, is set to become a member of Matsushita Electric Industrial's advisory panel, a newspaper reported on Saturday.

Matsushita, which is best known for its Panasonic brand, will ask Fukui to join its global affairs advisory panel, which will be set up in September, the Nikkei business daily said.

Matsushita aims to tap Fukui's wealth of knowledge on macroeconomics and global issues, the newspaper said, adding that Fukui and other candidates for the panel are expected to accept the offer.

Fukui, who started at the Bank of Japan in 1958, worked as BoJ governor from 2003 through to March this year, steering the central bank through a monetary policy shift by eliminating the zero interest rate.

The panel to be formed of academics and foreign business experts will advise the firm on social responsibility, risk management and human resources in other countries, Nikkei said.

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