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Eigo Fukai
was a Japanese businessman, central banker and the 13th Governor of the Bank of Japan (BOJ). Early life Fukai was born in Gumma Prefecture. Career Fukai was the aide to Takahashi Korekiyo, who was responsible for negotiating war loans to pay for Japan's participation in the Russo-Japanese War. Fukui was part of the Japanese delegation at the Versailles Peace Conference in 1919. "Heads Bank of Japan; Fukai, Vice Governor, Is Promoted as Hijikata Retires,"
''New York Times.'' June 4, 1935; retrieved 2011-08-22
He was a special appointee of the Foreign Office at the Washington Conference on Limitation of Armament in 1921. Fukui ...
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Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo, Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''Scrip of Edo period Japan, hansatsu'', in an array of incompatible denominations, but the ''New Currency Act'' of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar. The former Han (Japan), han (fiefs) became Prefectures of Japan, prefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded ...
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Washington Naval Conference
The Washington Naval Conference was a disarmament conference called by the United States and held in Washington, DC from November 12, 1921 to February 6, 1922. It was conducted outside the auspices of the League of Nations. It was attended by nine nations (the United States, Japan, China, France, Britain, Italy, Belgium, the Netherlands, and Portugal) regarding interests in the Pacific Ocean and East Asia. Germany was not invited to the conference, as it had already been disarmed under the terms of the Versailles Treaty. Soviet Russia was also not invited to the conference. It was the first arms control conference in history, and is still studied by political scientists as a model for a successful disarmament movement. Held at Memorial Continental Hall, in Downtown Washington, it resulted in three major treaties: Four-Power Treaty, Five-Power Treaty (more commonly known as the Washington Naval Treaty), the Nine-Power Treaty, and a number of smaller agreements. These treaties pres ...
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Governors Of The Bank Of Japan
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political region or polity, a ''governor'' may be either appointed or elected, and the governor's powers can vary significantly, depending on the public laws in place locally. The adjective pertaining to a governor is gubernatorial, from the Latin root ''gubernare''. Ancient empires Pre-Roman empires Though the legal and administrative framework of provinces, each administrated by a governor, was created by the Romans, the term ''governor'' has been a convenient term for historians to describe similar systems in antiquity. Indeed, many regions of the pre-Roman antiquity were ultimately replaced by Roman 'standardized' provincial governments after their conquest by Rome. Plato used the metaphor of turning the Ship of State with a rudder; the Latin w ...
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1945 Deaths
1945 marked the end of World War II and the fall of Nazi Germany and the Empire of Japan. It is also the only year in which Nuclear weapon, nuclear weapons Atomic bombings of Hiroshima and Nagasaki, have been used in combat. Events Below, the events of World War II have the "WWII" prefix. January * January 1 – WWII: ** Nazi Germany, Germany begins Operation Bodenplatte, an attempt by the ''Luftwaffe'' to cripple Allies of World War II, Allied air forces in the Low Countries. ** Chenogne massacre: German prisoners are allegedly killed by American forces near the village of Chenogne, Belgium. * January 6 – WWII: A German offensive recaptures Esztergom, Kingdom of Hungary (1920–1946), Hungary from the Russians. * January 12 – WWII: The Soviet Union begins the Vistula–Oder Offensive in Eastern Europe, against the German Army (Wehrmacht), German Army. * January 13 – WWII: The Soviet Union begins the East Prussian Offensive, to eliminate German forces in East Pruss ...
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1871 Births
Events January–March * January 3 – Franco-Prussian War – Battle of Bapaume: Prussians win a strategic victory. * January 18 – Proclamation of the German Empire: The member states of the North German Confederation and the south German states, aside from Austria, unite into a single nation state, known as the German Empire. The King of Prussia is declared the first German Emperor as Wilhelm I of Germany, in the Hall of Mirrors at the Palace of Versailles. Constitution of the German Confederation comes into effect. It abolishes all restrictions on Jewish marriage, choice of occupation, place of residence, and property ownership, but exclusion from government employment and discrimination in social relations remain in effect. * January 21 – Giuseppe Garibaldi's group of French and Italian volunteer troops, in support of the French Third Republic, win a battle against the Prussians in the Battle of Dijon. * February 8 – 1871 French legislative election elect ...
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Helen Hardacre
Helen Hardacre (born May 20, 1949) is an American Japanologist. She is the Reischauer Institute Professor of Japanese Religions and Society at the Departement of East Asian Languages and Civilization, Harvard University. Biography Hardacre was born on May 20, 1949 in Nashville, Tennessee, United States, daughter of Paul Hoswell and Gracia Louise (Manspeaker) Hardacre. She received her Bachelor of Arts (1971) and Master of Arts (1972) at Vanderbilt University, and completed her PhD at University of Chicago, studying under Joseph Kitagawa. In 1980, she began her academic career at Princeton University's Department of Religion and taught there until 1989. She then spent two years at the School of Modern Asian Studies, Griffith University, Australia. She then moved to Harvard in 1992 and stayed there since then. She is currently the Reischauer Institute Professor of Japanese Religions and Society at the Departement of East Asian Languages and Civilization, Harvard University. She was ...
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Monetary Inflation
Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services. There is general agreement among economists that there is a causal relationship between monetary inflation and price inflation. But there is neither a common view about the exact theoretical mechanisms and relationships, nor about how to accurately measure it. This relationship is also constantly changing, within a larger complex economic system. So there is a great deal of debate on the issues involved, such as how to measure the monetary base and price inflation, how to measure the effect of public expectations, how to judge the effect of financial innovations on the transmission mechanis ...
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London Economic Conference
The London Economic Conference was a meeting of representatives of 66 nations from June 12 to July 27, 1933 at the Geological Museum in London. Its purpose was to win agreement on measures to fight the Great Depression, revive international trade, and stabilize currency exchange rates. It collapsed after it was "torpedoed" by US President Franklin D. Roosevelt in early July when he denounced currency stabilization. Background When the Great Depression devastated the world economy in 1929 to 1932, it was generally assumed that the United States would serve as a hegemon, providing leadership for a program to bring about recovery. US President Herbert Hoover in 1931 called for a conference to decide how to reduce tariffs and also revive prices by reversing the deflation associated with the Depression. The agenda for the Conference was drafted by representatives of six major nations who met in Geneva in 1932. The agenda asserted that intergovernmental debts should be settled, as they r ...
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Paris Peace Conference, 1919
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the List of cities proper by population density, 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, Fashion capital, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called Caput Mundi#Paris, the capital of the world. The City of Paris is the centre of the Île-de-France Regions of France, region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the ...
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Hisaakira Hijikata
was a Japanese businessman, central banker and the 12th Governor of the Bank of Japan (BOJ). Early life Hijikata was born in Mie Prefecture. Career In 1897, Hijikata was a BOJ trainee along with Junnosuke Inoue. Both young men were sent by the bank to learn about British banking practices in London. In 1918, Hijikata was named head of the Industrial Bank of Japan The Industrial Bank of Japan, Limited (IBJ), based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century. It combined with Dai-Ichi Kangyo Bank and Fuji Bank in 2002 to form Mizuho Financial Grou .... Hijikata was Governor of the Bank of Japan from June 12, 1928 through June 4, 1935. During his tenure, financial difficulties in Europe and the suspension of the gold standard by the United Kingdom affected Japan; and the situation was exacerbated by the "Manchurian disturbance".
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Russo-Japanese War
The Russo-Japanese War ( ja, 日露戦争, Nichiro sensō, Japanese-Russian War; russian: Ру́сско-япóнская войнá, Rússko-yapónskaya voyná) was fought between the Empire of Japan and the Russian Empire during 1904 and 1905 over rival imperial ambitions in Manchuria and the Korean Empire. The major theatres of military operations were located in Liaodong Peninsula and Mukden in Southern Manchuria, and the Yellow Sea and the Sea of Japan. Russia sought a warm-water port on the Pacific Ocean both for its navy and for maritime trade. Vladivostok remained ice-free and operational only during the summer; Port Arthur, a naval base in Liaodong Province leased to Russia by the Qing dynasty of China from 1897, was operational year round. Russia had pursued an expansionist policy east of the Urals, in Siberia and the Far East, since the reign of Ivan the Terrible in the 16th century. Since the end of the First Sino-Japanese War in 1895, Japan had feared Russian en ...
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Takahashi Korekiyo
Viscount was a Japanese politician who served as a member of the House of Peers, as Prime Minister of Japan from 1921 to 1922, and as the head of the Bank of Japan and Ministry of Finance. Takahashi made many contributions to Japan's development during the early 20th century, including introducing its first patent system and securing foreign financing for the Russo-Japanese War. Following the onset of the Great Depression, he introduced controversial financial policies which included abandoning the gold standard, lowering interest rates, and using the Bank of Japan to finance deficit spending by the central government. His decision to cut government spending in 1935 led to unrest within the Japanese military, who assassinated him in February 1936. Takahashi's policies are credited for pulling Japan out of the Depression, but led to soaring inflation following his assassination, as Takahashi's successors became highly reluctant to cut off funding to the government. Early life ...
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