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 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)

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

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.

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