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).

Tadashi Sasaki
佐々木 直
21st Chairman of the Japan Association of Corporate Executives
In office
25 April 1975 – 26 April 1985
Preceded byKazutaka Kigawada
Succeeded byTakashi Ishihara [ja]
22nd Governor of the Bank of Japan
In office
17 December 1969 – 16 December 1974
Prime MinisterEisaku Sato
Kakuei Tanaka
Takeo Miki
Preceded byMakoto Usami
Succeeded byTeiichiro Morinaga
Personal details
Born(1907-05-17)17 May 1907
Yamaguchi, Japan
Died7 July 1988(1988-07-07) (aged 81)

Early life

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Sasaki was born in Yamaguchi Prefecture.[1]

Banking career

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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

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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

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References

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  • 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 Governor of the Bank of Japan Succeeded by
Business positions
Preceded by
Kazutaka Kigawada
Chairman of the Japan Association of Corporate Executives
1975–1985
Succeeded by
Takashi Ishihara