Tokyo stock exchange chief resigns over October outage
Departure leaves vacuum amid reform drive meant to make Japan an Asian hub
30 November 2020 - 17:18
Tokyo Stock Exchange president Koichiro Miyahara will step down to accept responsibility for the all-day power outage that halted trading on the world’s third-largest equity market in October.
Akira Kiyota, CEO of parent Japan Exchange Group, will retain his post while taking a 50% pay cut for four months. Kiyota will temporarily take over Miyahara’s role as head of the exchange, with Miyahara also stepping down from his role as co-COO of Japan Exchange. The resignation was reported earlier by the Nikkei...
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