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Japan brokerage adds former top bureaucrats to star-studded board

SBI to seat ex-Vice Finance Minister Junichi Fukuda for government connections

SBI Holdings will soon welcome onto its board a former senior official from Japan's Ministry of Finance, pictured here.   © Reuters

TOKYO -- Top Japanese online brokerage SBI Holdings plans to install two former senior ministry officials as independent outside directors to strengthen ties to the central government.

Junichi Fukuda, a former administrative vice minister at the Ministry of Finance, will join the company along with ex-Vice Agriculture Minister Hiroyuki Suematsu. They will officially be appointed at the general shareholders meeting June 29.

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