Satoshi Sumita
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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 ...
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Satoshi Sumita BOJ25
is a generally masculine Japanese given name. Possible writings *哲, "intelligent, philosophy, clear" *悟, "bodhi, enlightenment, apprehension" *敏, "quick, sharp" *智, "knowledge, wisdom" *聡, "intelligent, clever, bright" *慧, "bright, intelligent" *訓, "teach, instruct" *諭, "teach, to lead" People with the name *, Japanese politician *, Japanese surgeon and astronaut *, Japanese politician *, Japanese actor and voice actor *, Japanese journalist *, Japanese voice actor *, Japanese judoka and mixed martial artist *, Japanese jazz guitarist *, Japanese politician *, Japanese origami master * Satoshi Kanazawa (born 1962), American-British evolutionary psychologist *, Japanese scientist *, Japanese linguist *, Illustrator *, Japanese professional wrestler *, Japanese baseball player *, film director, animator, screenwriter and manga artist *, Japanese swimmer *, Japanese actor *, Japanese computer scientist *, Japanese actor and voice actor *, Japanese journalist and t ...
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Japanese Asset Price Bubble
The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion.Kunio Okina, Masaaki Shirakawa, and Shigenori Shiratsuka (February 2001):The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons More specifically, over-confidence and speculation regarding asset and stock prices were closely associated with excessive monetary easing policy at the time.Edgardo Demaestri, Pietro Masci (2003): Financial Crises in Japan and Latin America, Inter-American Development Bank Through the creation of economic policies that cultivated the marketability of assets, eased the access to credit, and encouraged speculation, the Japanese government started a prolonged an ...
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1916 Births
Events Below, the events of the First World War have the "WWI" prefix. January * January 1 – The British Empire, British Royal Army Medical Corps carries out the first successful blood transfusion, using blood that had been stored and cooled. * January 9 – WWI: Gallipoli Campaign: The last British troops are evacuated from Gallipoli, as the Ottoman Empire prevails over a joint British and French operation to capture Constantinople. * January 10 – WWI: Erzurum Offensive: Russia defeats the Ottoman Empire. * January 12 – The Gilbert and Ellice Islands Colony, part of the British Empire, is established in present-day Tuvalu and Kiribati. * January 13 – WWI: Battle of Wadi (1916), Battle of Wadi: Ottoman Empire forces defeat the British, during the Mesopotamian campaign in modern-day Iraq. * January 29 – WWI: Paris is bombed by German Empire, German zeppelins. * January 31 – WWI: An attack is planned on Verdun, France. February * ...
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Yasushi Mieno
was a Japanese businessman, central banker, the 26th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS).Siegman, Charles J "The Bank for International Settlements and the Federal Reserve,"''Federal Reserve Bulletin.'' October 1, 1994. Early life Mieno was born in Ōita. Career From April 1975 through February 1978, Mieno was head of the BOJ banking department.Werner, Richard A. (2003). Mieno was BOJ Governor from December 17, 1989, to December 16, 1994, having previously served as Deputy Governor from 1984 to 1989. Starting a week after his appointment, from late December 1989 until August 1990, BOJ heavily increased interest rates. Soon the Japanese asset price bubble of the 1980s collapsed. In 1994, he was an elected member of the BIS Board of Directors. On April 15, 2012, Mieno died from heart failure in a Tokyo hospital. Selected works In a statistical overview derived from writings by and about Yasushi Mieno, OCLC/WorldC ...
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