Masaru Hayami

In this Japanese name, the family name is Hayami.
Masaru Hayami

Masaru Hayami (速水優, March 24, 1925 – May 17, 2009) was a Japanese businessman, central banker, the 28th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS).[1]

Early life

Hayami was born in Hyogo Prefecture.[2] He graduated from The Tokyo College of Commerce (now Hitotsubashi University) in 1947.

Career

Hayami was Chief Executive Officer of the Nissho Iwai Corporation,

He served as Governor of the Bank of Japan from March 20, 1998 to March 19, 2003.[3] He took over the top BOJ role in 1998, after Governor Yasuo Matsushita and Deputy Governor Toshihiko Fukui resigned in connection with a scandal involving leaks of financially sensitive information.[4]

Controversy

Hayami was a controversial BOJ governor because he insisted Japanese politicians must change the structure of the economy before the BOJ could take further measures to end deflation.

He fiercely resisted politicians' demand to loosen monetary policy, thereby increasing the pressure on politicians to reduce stifling regulation, monopolies, and oligopolies in various economic sectors. This strategy stressed Japan's long-term economic health over the short term problems of deflation and recession.

Selected works

In a statistical overview derived from writings by and about Masaru Hayami, OCLC/WorldCat encompasses roughly 9 works in 9 publications in 1 language and 20+ library holdings.[5]

This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by expanding it with reliably sourced entries.

See also

Notes

  1. ↑ Bilderberg Group, Money-Traders Global Network; retrieved 2011-08-17
  2. ↑ Bank of Japan (BOJ), 28th Governor
  3. ↑ BOJ, List of Governors
  4. ↑ Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, p. 309 n.27, p. 309, at Google Books
  5. ↑ WorldCat Identities: 速水優 1925-  

References

Government offices
Preceded by
Yasuo Matsushita		 Governor of the Bank of Japan
1998–2003 		Succeeded by
Toshihiko Fukui


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