Bank of Japan Appoints First Female Branch Manager in Its 128-Year History
The Bank of Japan appointed Tokiko Shimizu as its first female branch manager in its 128-year history.
Shimizu, 45, will assume the post in Takamatsu, western Japan, on July 16, according to a statement released by the central bank in Tokyo today. Former central bank chief Toshihiko Fukui and current Deputy Governor Hirohide Yamaguchi are among executives that have held the post, which is the bank’s main office in the Shikoku region.
The central bank’s nine-member policy board is dominated by men, with Miyako Suda the sole woman and only the second to hold the post since the bank was established in 1882. That contrasts with the situation at the U.S. Federal Reserve, which will have three women on its seven-member panel if San Francisco Fed President Janet Yellen’s nomination as the vice chairman is confirmed by the Senate.
In 2008, women accounted for only 2 percent of all management posts at central government ministries and agencies in Japan, according to government data.
Shimizu joined the central bank in 1987 after graduating from Tokyo University with an engineering degree and has served at the bank’s financial market department and London office.
To contact the reporters on this story: Mayumi Otsuma in Tokyo at motsuma@bloomberg.net
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