The court set bail at one billion yen (£6.8m; $8.9m) and Japanese media reports said he could be released as early as Wednesday.

Mr Ghosn has been charged with financial misconduct but has consistently denied any wrongdoing.

The court had rejected two previous requests for bail, saying Mr Ghosn was a flight risk and could hide evidence.

On Tuesday Mr Ghosn reiterated his position, saying: "I am extremely grateful for my family and friends who have stood by me throughout this terrible ordeal.

"I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations."

The latest request was filed by a new legal team, which was appointed by the Brazilian-born executive last month.

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