Japanese Prime Minister Fumio Kishida risks reinforcing the view that the country is not serious about addressing gender inequality if women are shut out of the new leadership set to take the helm of the Bank of Japan this spring. Know more:
Japanese Prime Minister Fumio Kishida risks reinforcing the view that the country is not serious about addressing gender inequality if women are shut out of the new leadership set to take the helm of the Bank of Japan this spring.
“If a woman isn’t appointed, there’s the risk that progress on gender equality is delayed for another five years,” said Rie Nishihara, chief Japan equity strategist at JPMorgan Chase & Co. and a former analyst at the BOJ. The sharp gender imbalance runs through corporate Japan, and its bureaucracy too. Only 9 percent of board members on the country’s 3,795 publicly listed companies are women, according to a Tokyo Shoko Research Ltd. report last year.
In a Bloomberg survey earlier this month, 23 out of 36 economists named Yuri Okina, a former BOJ official and chair of the Japan Research Institute, as one of the front-runners in the choice for deputy. Women account for only 34 percent of MOF’s career track jobs, and 22 percent at the BOJ. Of the top posts within MOF, only 2.6 percent are occupied by women, while only one of the 15 director general positions at the central bank is held by a female.
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