Tadashi Sasaki (banker)

Tadashi Sasaki (佐々木直, Sasaki Tadashi, 5 May 1907 – 7 July 1988) was a Japanese central banker, and 22nd Governor of the Bank of Japan (BOJ).

Early life

Sasaki was born in Yamaguchi Prefecture.^[1]

Banking career

Sasaki was BOJ Governor from 17 December 1969 to 16 December 1974.^[2]

Immediately prior, he had been Deputy Governor.^[3]

Tenure as BOJ Governor

During Sasaki's tenure, BOJ became a shareholder of the Bank for International Settlements BIS); however, in 1970, the head of the Japanese central bank was not invited to become a member of the BIS Board of Directors.^[4]

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.^[5]

Notes

^ Bank of Japan, 22nd Governor
^ BOJ, List of Governors
^ Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, p. 147, p. 147, at Google Books
^ Toniolo, Gianni. (2005). Central Bank Cooperation at the Bank for International Settlements, 1930-1973, p. 361., p. 361, at Google Books
^ Ofusa, Junnosuke. "Japanese Study Nature of Boom," New York Times. January 21, 1973.

References

Toniolo, Gianni. (2005). Central Bank Cooperation at the Bank for International Settlements, 1930–1973. Cambridge: Cambridge University Press. ISBN 0-521-84551-3
Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy. Armonk, New York: M.E. Sharpe. ISBN 0-7656-1048-5