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Weekly magazine Shukan Post has raised questions about new Bank of Japan Board member Makoto Sakurai’s credentials, saying there is no record of him submitting a thesis or graduating with a Ph.D.

The central bank’s website describes Sakurai, 69, as having “completed a Ph.D. Program in Economics.” While some readers could take this to mean he is a Doctor of Philosophy and can use the title, the BOJ’s public relations department said the description means that Sakurai completed course work but did not receive a doctorate. The bank also describes Deputy Gov. Kikuo Iwata the same way on its website.

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