Tokyo Stock Exchange CEO quits over October 2020 shutdown

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Koichiro Miyahara 'has taken seriously his responsibility for the failure in the...trading system,' says the Japan Exchange Group.

of one of the world's biggest markets, the operator said on Monday, November 30.

TSE president Koichiro Miyahara"has taken seriously his responsibility for the failure in the...trading system," the Japan Exchange Group , which operates TSE, said in a statement. The CEO of JPX, Akira Kiyota, will temporarily take over the position with a 50% pay cut for 4 months, the statement said.Last month, Tokyo market operators said there was no indication of a cyberattack, and the problem had been traced to a memory breakdown that failed to properly trigger a switch to a backup system.

 

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Philippine Officials reading this article

Japanese government officials have high regards to their work. Failure to do their job correctly means resignation from their post. An admirable attitude of their public officials!

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