TOKYO -- Bank of Tokyo has nominated Toyoo Gyohten, a former vice minister of finance for international affairs, as its next chairman.

Mr. Gyohten, an adviser to the bank's board, is to be officially installed as chairman at the annual shareholders' meeting June 26. He will succeed Yusuke Kashiwagi, another former vice minister of finance, who has occupied the largely ambassadorial chairman's post for the past decade.

Like Mr. Kashiwagi, Mr. Gyohten is one of Japan's best-known figures in international financial circles. Both speak nearly flawless English and are frequent participants in international conferences.

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