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Haruo Maekawa
, also romanized as Mayekawa,BOJ/ref> was a Japanese businessman, central banker, the 24th Governor of the Bank of Japan (BOJ). Early life Maekawa was born in Tokyo. Career Before rising to become head of the Bank of Japan, Maekawa held other bank positions, including director of foreign-exchange operations. Maekawa was Governor of the Bank of Japan from December 17, 1979 through December 16, 1984, having previously served as Deputy Governor from 1974 to 1979. Along with Finance Minister Noboru Takeshita, he was credited with negotiating a Saudi-Japan petrodollar accord in 1980. Maekawa Commission In 1986, the Maekawa Commission (the "Advisory Group on Economic Restructuring" headed by Maekawa) proposed economic reforms designed to make the living standards of Japanese more comparable to levels enjoyed in the West. Maekawa is credited as the chief author of the commission report. Maekawa Report into effect. His two reports argued that Japan should seek switch from an export-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teiichiro Morinaga
was a Japanese businessman, central banker, the 23rd Governor of the Bank of Japan (BOJ). Early life Morinaga was born in Miyazaki. Career Morinaga was Governor of the Bank of Japan from December 17, 1974 to December 16, 1979, Selected works In a statistical overview derived from writings by and about Teiichiro Morinaga, OCLC/WorldCat WorldCat is a union catalog that itemizes the collections of tens of thousands of institutions (mostly libraries), in many countries, that are current or past members of the OCLC global cooperative. It is operated by OCLC, Inc. Many of the OCL ... encompasses roughly 2 works in 4 publications in 1 language and 6 library holdings. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Satoshi Sumita
was a Japanese businessman, central banker, the 25th Governor of the Bank of Japan (BOJ) during a period in which Japan became the world's largest creditor nation.Kilborn, Peter T"Japan Official Unable to Be At Group of 7,"''New York Times.'' March 29, 1989; Greenhouse, Steven''New York Times.'' September 27, 1988; excerpt, "Mr. Sumita has voiced frustration that Japan makes the fifth-largest contribution and thus has the fifth-largest voice in the monetary fund, even though it has the second-largest economy among I.M.F. members. He wants Japan to become the second-largest contributor and have the second-largest voice, ranking only behind the United States"; retrieved 2011-08-17 Early life Sumita was born in Gunma Prefecture. Career In the 1960s, Sumita was made director of the Banking Bureau within the Japanese Ministry of Finance. He gained international experience as president of the semi-official Japan Export-Import Bank (JEXIM). Sumita was Governor of the Bank of Japan f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tokyo Prefecture
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and List of cities in Japan, largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 million residents ; the city proper has a population of 13.99 million people. Located at the head of Tokyo Bay, the prefecture forms part of the Kantō region on the central coast of Honshu, Japan's largest island. Tokyo serves as Economy of Japan, Japan's economic center and is the seat of both the Government of Japan, Japanese government and the Emperor of Japan. Originally a fishing village named Edo, the city became politically prominent in 1603, when it became the seat of the Tokugawa shogunate. By the mid-18th century, Edo was one of the most populous cities in the world with a population of over one million people. Following the Meiji Restoration of 1868, the imperial capital in Kyoto was mov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Empire Of Japan
The also known as the Japanese Empire or Imperial Japan, was a historical nation-state and great power that existed from the Meiji Restoration in 1868 until the enactment of the post-World War II 1947 constitution and subsequent formation of modern Japan. It encompassed the Japanese archipelago and several colonies, protectorates, mandates, and other territories. Under the slogans of and following the Boshin War and restoration of power to the Emperor from the Shogun, Japan underwent a period of industrialization and militarization, the Meiji Restoration, which is often regarded as the fastest modernisation of any country to date. All of these aspects contributed to Japan's emergence as a great power and the establishment of a colonial empire following the First Sino-Japanese War, the Boxer Rebellion, the Russo-Japanese War, and World War I. Economic and political turmoil in the 1920s, including the Great Depression, led to the rise of militarism, nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Tokyo
, abbreviated as or UTokyo, is a public research university located in Bunkyō, Tokyo, Japan. Established in 1877, the university was the first Imperial University and is currently a Top Type university of the Top Global University Project by the Japanese government. UTokyo has 10 faculties, 15 graduate schools and enrolls about 30,000 students, about 4,200 of whom are international students. In particular, the number of privately funded international students, who account for more than 80%, has increased 1.75 times in the 10 years since 2010, and the university is focusing on supporting international students. Its five campuses are in Hongō, Komaba, Kashiwa, Shirokane and Nakano. It is considered to be the most selective and prestigious university in Japan. As of 2021, University of Tokyo's alumni, faculty members and researchers include seventeen prime ministers, 18 Nobel Prize laureates, four Pritzker Prize laureates, five astronauts, and a Fields Medalist. Hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banker
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (Japan)
The is a member of the Cabinet of Japan and is the leader and chief executive of the Ministry of Finance. The minister is also a statutory member of the National Security Council, and is nominated by the Prime Minister of Japan and is appointed by the Emperor of Japan The Emperor of Japan is the monarch and the head of the Imperial House of Japan, Imperial Family of Japan. Under the Constitution of Japan, he is defined as the symbol of the Japanese state and the unity of the Japanese people, and his positio .... The current minister is Shunichi Suzuki, who took office on 4 October 2021. List of ministers Prewar (1900–1946) Postwar (1946–present) References {{Ministries_of Japan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noboru Takeshita
was a Japanese politician who served as Prime Minister of Japan from 1987 to 1989 during the bubble economy. Takeshita led the largest faction at the time in the Liberal Democratic Party, which he inherited from Kakuei Tanaka, from the 1980s until his death in 2000. He was dubbed the "last shadow shogun" for his behind-the-scenes influence in Japanese politics. He was the last prime minister to serve during the long rule of Emperor Hirohito.Sanger, David E. "Takeshita Now Admits World War II Aggression,"''New York Times.'' 7 March 1989. He is the grandfather of musician and actor Daigo. Early life and education Noboru Takeshita was born on 26 February 1924, in present-day Unnan, Shimane Prefecture, the son of a sake brewer. His family had been sake brewers for generations, and Takeshita was the 20th head of the Takeshita brewing family. Both his father Yūzō and his grandfather Gizō had been men of high repute in the region, and Takeshita followed in their footsteps and decid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plaza Accord
The Plaza Accord was a joint–agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British Pound sterling by intervening in currency markets. The U.S. dollar depreciated significantly from the time of the agreement until it was replaced by the Louvre Accord in 1987. Some commentators believe the Plaza Accord contributed to the Japanese asset price bubble of the late 1980s. Background The tight monetary policy of Federal Reserve's Chairman Paul Volcker and the expansionary fiscal policy of President Ronald Reagan's first term in 1981-84 pushed up long-term interest rates and attracted capital inflow, appreciating the dollar. The French government was strongly in favor of currency intervention to reduce it, but US administration officials such as Treasury Secretar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Werner
Richard Andreas Werner (born 5 January 1967) is a German banking and development economist who is a university professor at De Montfort University. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation used for the real economy (GDP transactions) on the one hand, and financial transactions on the other hand. In 1995, he proposed a new monetary policy to swiftly deal with banking crises, which he called 'Quantitative Easing', published in the Nikkei. He also first used the expression "QE2" in public, referring to the need to implement 'true quantitative easing' as an expansion in credit creation. His 2001 book ' Princes of the Yen' was a number one general bestseller in Japan. In 2014 he published the first empirical evidence that each bank creates credit when it issues a new loan. Early life In 1989, Werner earned a BSc in economics at the London School of Economics (LSE). During his postgraduate studies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1911 Births
A notable ongoing event was the race for the South Pole. Events January * January 1 – A decade after federation, the Northern Territory and the Australian Capital Territory are added to the Commonwealth of Australia. * January 3 ** 1911 Kebin earthquake: An earthquake of 7.7 moment magnitude strikes near Almaty in Russian Turkestan, killing 450 or more people. ** Siege of Sidney Street in London: Two Latvian anarchists die, after a seven-hour siege against a combined police and military force. Home Secretary Winston Churchill arrives to oversee events. * January 5 – Egypt's Zamalek SC is founded as a general sports and Association football club by Belgian lawyer George Merzbach as Qasr El Nile Club. * January 14 – Roald Amundsen's South Pole expedition makes landfall, on the eastern edge of the Ross Ice Shelf. * January 18 – Eugene B. Ely lands on the deck of the USS ''Pennsylvania'' stationed in San Francisco harbor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
