Makoto Usami
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Makoto Usami
was a Japanese businessman, central banker, the 21st Governor of the Bank of Japan (BOJ). Early life Usami was born in Yamagata Prefecture, Yamagata. Career Usami was Governor of the Bank of Japan from December 17, 1964 to December 16, 1969, During Usami's tenure, the Bank was concerned with ensuring the stability of the Japanese yen in relation to other currencies.Trumbull, Robert "Japan Is Confident on Currency As She Moves to Protect the Yen; 'At Face Value',"''New York Times.'' November 23, 1967''New York Times,'' August 19, 1969, retrieved 2011-08-17 Notes References * Richard Werner, Werner, Richard A. (2003). ''Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy.'' Armonk, New York: M.E. Sharpe. OCLC 471605161
Makoto Usami (December 17, 1964 – December 16, 1969) 1901 births 1983 deaths Governors of the Bank of Japan People from Yamagata Prefecture {{Japan-business-bio-stub ...
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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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Masamichi Yamagiwa
was a Japanese businessman, central banker, the 20th Governor of the Bank of Japan (BOJ). Early life Yamagiwa was born in Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 .... Career Yamagiwa was Governor of the Bank of Japan from November 30, 1956, through December 17, 1964. When the Japanese Cabinet accepted the Yamagiwa's resignation, his health was mentioned as the main reason for stepping down before the end of his second five-year term. At this time, the president of the Mitsubishi Bank, Makoto Usami, was already identified as successor. "Japan Cabinet Picks Bank Governor,"
''New York Times.'' De ...
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Tadashi Sasaki (banker)
was a Japanese central banker, and 22nd Governor of the Bank of Japan (BOJ). Early life Sasaki was born in Yamaguchi Prefecture.Bank of Japan22nd Governor/ref> Banking career Sasaki was BOJ Governor from December 17, 1969, to December 16, 1974. Immediately prior, he had been Deputy Governor. Tenure as BOJ Governor During Sasaki's tenure, BOJ became a shareholder of the Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work thr ... BIS); however, in 1970, the head of the Japanese central bank was not invited to become a member of the BIS Board of Directors. In 1972 Japan experienced an unexpectedly high rate of economic growth. However, the country began to increase its focus on social welfare and quality of life, which marked a significant change from Ja ...
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Yamagata Prefecture
is a prefecture of Japan located in the Tōhoku region of Honshu. Yamagata Prefecture has a population of 1,079,950 (1 June 2019) and has a geographic area of 9,325 km² (3,600 sq mi). Yamagata Prefecture borders Akita Prefecture to the north, Miyagi Prefecture to the east, Fukushima Prefecture to the south, and Niigata Prefecture to the southwest. Yamagata is the capital and largest city of Yamagata Prefecture, with other major cities including Tsuruoka, Sakata, and Yonezawa. Yamagata Prefecture is located on Japan's western Sea of Japan coast and its borders with neighboring prefectures are formed by various mountain ranges, with 17% of its total land area being designated as Natural Parks. Yamagata Prefecture formed the southern half of the historic Dewa Province with Akita Prefecture and is home to the Three Mountains of Dewa, which includes the Haguro Five-story Pagoda, a recognised National Treasure of Japan. History The aboriginal people once inhabited the area ...
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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 ...
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Keio University
, mottoeng = The pen is mightier than the sword , type = Private research coeducational higher education institution , established = 1858 , founder = Yukichi Fukuzawa , endowment = N/A , president = Prof. Kohei Itoh , city = Minato , state = Tokyo , country = Japan , coor = , faculty = full time 2,791 , administrative_staff = full-time 3,216 , students = 33,437 , undergrad = 28,641 , postgrad = 4,796 , doctoral = 1,426excluding master course students as students in "Doctorate (prior)" , other_students = 0 In 2021, research students and auditors were not recruited due to the global epidemic of COVID‐19 (coronavirus disease). , campus = Urban , free_label = Athletics , free ...
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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 ...
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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 ...
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1901 Births
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * 19 (film), ''19'' (film), a 2001 Japanese film * Nineteen (film), ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * 19 (Adele album), ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD (rapper), MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * XIX (EP), ''XIX'' (EP), a 2019 EP by 1the9 Songs * 19 (song), "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee (Bad4Good album), Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * Nineteen (song), "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus ...
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1983 Deaths
The year 1983 saw both the official beginning of the Internet and the first mobile cellular telephone call. Events January * January 1 – The migration of the ARPANET to TCP/IP is officially completed (this is considered to be the beginning of the true Internet). * January 24 – Twenty-five members of the Red Brigades are sentenced to life imprisonment for the 1978 murder of Italian politician Aldo Moro. * January 25 ** High-ranking Nazi war criminal Klaus Barbie is arrested in Bolivia. ** IRAS is launched from Vandenberg AFB, to conduct the world's first all-sky infrared survey from space. February * February 2 – Giovanni Vigliotto goes on trial on charges of polygamy involving 105 women. * February 3 – Prime Minister of Australia Malcolm Fraser is granted a double dissolution of both houses of parliament, for elections on March 5, 1983. As Fraser is being granted the dissolution, Bill Hayden resigns as leader of the Australian Labor Party, and in the subsequ ...
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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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