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Economy

Japan appoints first female central bank executive director

Tokiko Shimizu's new post to coincide with overseeing Nagoya branch

Tokiko Shimizu was named an executive director with the Bank of Japan on May 11, the first woman to hold the post. (Photo by Koji Uema)

TOKYO -- Japanese Finance Minister Taro Aso on Monday named Tokiko Shimizu as a new executive director with the central bank.

Shimizu, who currently manages the Bank of Japan's branch in Nagoya, will become its first female executive director, succeeding Eiji Maeda, who retired Sunday.

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