Japan’s Tokiko Shimizu became the first woman to hold one of the six executive directions of the Bank of Japan (BoJ) today, the Nikkei financial daily reported today.
Shimizu, 55, replaces Eiji Maeda, 58, who retired on Sunday. The appointment was made by the Ministry of Finance.
The BoJ’s six executive directors are charged with overseeing the issuing institute’s operations, including monetary policy, financial markets and the banking system, according to Nikkei.
Shimizu joined the Japanese central bank in 1987 and her duties include managing director of the London-based European office of the BoJ.
He is currently head of the BoJ in the city of Nagoya, headquarters of the Toyota automobile group.