Tadashi Sasaki (banker)

Tadashi Sasaki
Tadashi Sasaki
	佐々木直
21st Chairman of the Japan Association of Corporate Executives
	In office; 25 April 1975 – 26 April 1985
Preceded by	Kazutaka Kigawada
Succeeded by	Takashi Ishihara
22nd Governor of the Bank of Japan
	In office; 17 December 1969 – 16 December 1974
Preceded by	Makoto Usami
Succeeded by	Teiichiro Morinaga
Personal details
Born	May 17, 1907; Yamaguchi, Japan
Died	July 7, 1988 (aged 81)

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 December 17, 1969 to December 16, 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

Government offices
Preceded by Makoto Usami	Governor of the Bank of Japan	Succeeded by Teiichiro Morinaga
Business positions
Preceded by Kazutaka Kigawada	Chairman of the Japan Association of Corporate Executives 1975–1985	Succeeded by Takashi Ishihara

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[boj-1] Bank of Japan, 22nd Governor

[2] BOJ, List of Governors

[3] 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

[4] Toniolo, Gianni. (2005). Central Bank Cooperation at the Bank for International Settlements, 1930-1973, p. 361., p. 361, at Google Books

[5] Ofusa, Junnosuke. "Japanese Study Nature of Boom," New York Times. January 21, 1973.