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Japan’s Central Bank Names Its First Woman Executive Director in 138 Years

55-year-old Tokiko Shimizu, has been appointed as an executive director of Japan’s Central Bank, making her the first woman to fill one of the six executive posts, since the Bank’s inception in October 1882. Shimizu 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. She joined the Bank of Japan in 1987, taking up roles in the financial markets division and foreign exchange operations, and was general manager for Europe and chief representative in London between 2016 and 2018. 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 banknotes, according to the Bank’s data. Women have been represented on its policy board — the highest decision-making body responsible for setting monetary policy —since it…