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The Latest on the decision by the Tokyo District Court to approve the release on 1 billion yen ($8.9 million) bail of Nissan's former chairman, Carlos Ghosn (all times local):

4:05 p.m.

Prosecutors in the case against former Nissan Chairman Carlos Ghosn have appealed the decision by the Tokyo District Court to allow his release on 1 billion yen ($8.9 million) bail.

Ghosn's release now hinges on the court's decision on that appeal.

Ghosn has been held since his arrest on Nov. 19. He says he is innocent of charges of falsifying financial information and breach of trust.

The acceptance of Ghosn's request for bail, his third, came Tuesday, a day after one of his lawyers, Junichiro Hironaka, said he was confident the auto executive would gain his release.

Hironaka welcomed the court's decision to grant bail, saying "It was good we proposed concrete ways showing how he would not tamper with evidence or try to flee."

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1:10 p.m.

The Tokyo District Court says it has approved the release of former Nissan chairman Carlos Ghosn on 1 billion yen ($8.9 million) bail, ending nearly four months of detention.

Tuesday's approval of Ghosn's request for bail, his third, came a day after one of Ghosn's lawyers said he was confident the auto executive would gain his release.

Ghosn's newly hired attorney, Junichiro Hironaka, is famous for winning acquittals in Japan, a nation where the conviction rate is 99 percent.

The former head of the Renault-Nissan-Mitsubishi Motors alliance has been detained since he was arrested on Nov. 19. He says he is innocent of charges of falsifying financial information and breach of trust.

Ghosn's release from Tokyo Detention Center could come as soon as later in the day.