was a Japanese central banker, and 22nd Governor of the Bank of Japan (BOJ).

Early life

Sasaki was born in

Yamaguchi Prefecture is a prefecture of Japan located in the Chūgoku region of Honshu. Yamaguchi Prefecture has a population of 1,377,631 (1 February 2018) and has a geographic area of 6,112 km2 (2,359 sq mi). Yamaguchi Prefecture borders Shimane Prefecture t ...

.Bank of Japan
22nd Governor
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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 Japan's policy of "economic growth first" in the years since the end of World War II. Inflationary pressures occurred as a result of these measures, which Sasaki countered by forecasting tighter monetary policy in early 1973.Ofusa, Junnosuke
"Japanese Study Nature of Boom,"
''New York Times.'' January 21, 1973.

Notes

References

* Toniolo, Gianni. (2005). ''Central Bank Cooperation at the Bank for International Settlements, 1930–1973.'' Cambridge: Cambridge University Press. * Werner, Richard A. (2003). ''Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy.'' Armonk, New York: M.E. Sharpe. 1907 births 1988 deaths 20th-century Japanese economists Governors of the Bank of Japan People from Yamaguchi Prefecture {{japan-business-bio-stub