Japan's central bank gets its first woman executive director in 138 years


Pedestrians walk in front of the Bank of Japan headquarters in Tokyo on July 20, 2017.

apan's central bank just appointed its first woman executive director in 138 years.
Tokiko Shimizu, a 55-year-old banker, was appointed as part of a sweeping reshuffle at the Bank of Japan, becoming one of a team of six executives responsible for running the central bank's daily operations.
Shimuzu started working for the Bank of Japan in 1987. She took up roles in the financial markets division and in foreign exchange operations, and was general manager for Europe and chief representative in London between 2016 and 2018.
    The Bank of Japan was established in October 1882.
    On Monday, Tokiko Shimizu became the first woman in the BOJ's long history to fill one of six executive director posts.
    Women make up 47% of the central bank's workforce but only 13% of senior managerial posts and just 20% of expert positions dealing with legal affairs, payment systems and bank notes, according to the bank's own data.
    Women have been represented on its policy board — the highest decision-making body responsible for setting monetary policy —since it was established in 1998. But only one of the board's nine members is a woman, and the bank has never had a woman governor, unlike the Federal Reserve or European Central Bank.
    Over the past decade, demographic challenges and the growing number of women in higher education has slowly begun to change Japan's male-dominated management structures.
      But while women account for 51% of the Japanese population, according to 2018 World Bank data, the country is ranked 121 out of 153 countries in the World Economic Forum's latest global gender gap index.
      The country also ranks at the bottom among the G7 countries for gender equality, according to the WEF, despite Prime Minister Shinzo Abe's pledge to empower working women through a policy called "womenomics."
      Follow us on twitter (ajuede.com) or on Instagram (ajuedeman) for details of the global situation presently.

      Comments

      Popular posts from this blog

      Dr. Vladimir Zelenko has now treated 699 coronavirus patients with 100% success

      ORIGIN OF THE AKAN

      GARDEN OF EDEN FOUND IN AFRICA

      THE HISTORY AND ORIGIN OF THE ZULU PEOPLE

      BRIEF HISTORY OF NKALAHA.

      FIVE WAYS A WIFE CAN REST HER HUSBAND ON HER

      MYSTERY OF IGBO COSMOLOGY

      THE ORIGIN AND HISTORY OF UDI by Onyeji Nnaji

      ETHIOPIA:THE OLDEST PEOPLE IN THE MIDDLE EAST

      KIKUYU, THE SECOND OLDEST BANTU FROM NIGERIA