BOJ chief admits 'big gap' on female representation at bank

A "big gap" exists between female representation at Japan's central bank and its overseas counterparts, the bank's new governor Kazuo Ueda acknowledged Thursday.

Yeah, the problem is there is not enough estrogen at the BOJ Ueda, not the QE easy money for the capital rich .

https://www.theguardian.com/business/economics-blog/2016/sep/28/quantitative-easing-qe-pernicious-effects-favour-wealthy-tax-middle-class

That is why he gets paid the big yen.

"This is a reflection of Japanese society as a whole, not just the Bank of Japan. It cannot be changed by the Bank of Japan by itself overnight," Ueda said.

This! Well said! These things are changing! And being that it is in Japan, they are changing slower than tar in winter. But they cannot be changed within a few days. It takes time!

some analysts arguing it was time for Japan to join Europe and the United States by naming a woman governor

analysts of what type?

What matters is whether the BoJ and government are pushing good policies or not, not the gender of the governor.

The entire BoJ could be all women and it would be little different if the women were also enacting the same old bad policy.

It would be a plus to have diversity on these bodies, but the bigger, more pressing issue is that the policies suck. I don’t hear a bunch of women calling for policy change so ….

This is a reflection of Japanese society as a whole, not just the Bank of Japan.

He's absolutely right.

Japan has a highly educated female labour force but women occupy few top jobs in business and politics.

The sentence should add, "because a significant portion choose to leave full time managerial positions to raise their families, shrinking the pool of qualified female candidates."

The U.S. Federal Reserve and the European Central Bank have both had female chiefs, although they remain relative outliers globally.

Really? Is Jerome H. Powell a woman? He looks like a man to me. Maybe he is trans?

The sentence should add, "because a significant portion choose to leave full time managerial positions to raise their families,

And good for them. In the west, children are raised by the internet. In Japan, they are raised by their mothers and fathers. And it shows.

 In Japan, they are raised by their mothers and fathers. And it shows.

Lol. It only shows you've never lived in Japan.

We don’t need representation, we need people who are qualified for the job and do it fairly. I don’t want to be represented if that person is useless.

We all know things will not change, the OLD men love their power, corruption, and money too much. It is the same in most countries.

You don't say, look at the photo, pointing out the fact but offers no suggestion on how to fix it.

In the University, I realized that even though the male : female student ratio is oftentimes in favor of women, you would barely see that many female students in STEM related disciplines, and are usually more represented in the social sciences, so definitely its worrying why there aren't many in executive positions in Japanese banks because I'm positive that there are many female bankers good at what they do. One possible suggestion might be the fact that women believe men do not consider them for marriage after a certain age, so they try their hardest to marry early, and in some cases choose to have kids as early as possible so they'd be able to focus on other things later in their career; but it turns out that finding a person to wed these days is more difficult than ever before, despite the popularity of dating apps; and for those that succeed in taking that step, you'd find that they did not get married for the right reasons and it ends up being tenuous. For those with no intentions to get married at first, you find that when they eventually balk due to peer pressure or loneliness and try to get married, mental health problems set in, this may lead to resignations before they even get to the peak of their career. With men, due to the expectations that society already places on them, they don't bother much with the same problems that their female counterparts are forced to endure and slave away at their monotonous jobs for the vast majority of their lives knowing that it is "normal" and expecting anything else would be looked down upon.

Unfortunately, I did not back some of what I stated with statistical data, it is just based on a great many articles I've read at various times on this issue and what I've encountered with colleagues in Kyoto and Okinawa. However, societal problems are definitely the most significant impediment to this problem which may take at least a decade to resolve at this rate.

FrenchFoxToday  09:08 am JST

The U.S. Federal Reserve and the European Central Bank have both had female chiefs, although they remain relative outliers globally.

Really? Is Jerome H. Powell a woman? He looks like a man to me. Maybe he is trans?

Yellen Fed chair before Powell is woman as long as I know

Rip roaring inflation and a skewed financial system that benefits the rich and large companies and they are worrying about

‘female representation’ ?

What a joke!

"We can't get women, who are typically the ones who manage household finances, to work for us, where we push out nonstop propaganda about how inflation and currency devaluation are somehow good for working people and households! Why can't women see that we elites are correct and the people are wrong!?"

I saw five people building a house today, and there wasn't one female. None wanted to do that job. Which is fine. But there's no rule stopping them if they wanted to. I guess some virtue signaller could pronounce regret at the situation, but I'd have to ask what he regrets about it.

BOJ chief admits 'big gap' on female representation at bank

Just walk into any bank here in Japan and see how many of the top managerial desks in the back half of the bank are occupied by men, while the teller windows and the seats right behind them are occupied by women.

As long as these high-career and low-career tracks continue to exist at banks, it'll never be gender diversified at the top.

Women generally have more sense than to work the 12-14 hour days these bank executives put in.