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Masaaki Shirakawa Information

Masaaki Shirakawa (白川 方明, Shirakawa Masaaki?, born September 27, 1949) is a Japanese economist, central banker and the 30th Governor of the Bank of Japan (BOJ). He is also a Director and Vice-Chairman of the Bank for International Settlements (BIS).[1]

Contents

Early life

Shirakawa was born is Fukuoka.[2]and he graduated from high school in Kokura

In 1972, he was awarded a B.A. degree at the University of Tokyo. In 1977, 1977, he earned a M.A. in Economics at the University of Chicago.[3]

Career

Shirakawa joined the Bank of Japan in 1972. His varied assignments at the bank included a period as General Manager at the Ōita branch. For a time, he was General Manager for the Americas at the bank's office in New York.[3]

Shirakawa joined the faculty of the graduate school of public policy at Kyoto University in 2006. He returned to BOJ in 2008.[3]

His nomination to be Governor of the Bank was approved on April 9, 2008. Masaaki ranks 6th on the world's most powerful by Newsweek along with economic triumvirs Ben Bernanke (4th) and Jean-Claude Trichet (5th).[4]

Shirakawa's mandate is "to respond to changes in circumstances in a flexible and timely manner" in a way which can contribute to the sustainable growth and development of Japan.[5] In different words, this means that the role of the head of the BOJ is to affect price stability in Japan and to ensure stability of the financial system.

Notes

  1. ^ Bank for International Settlements (BIS), "BIS Board Appoints Masaaki Shirakawa as Vice-Chairman," 11 January 2011.
  2. ^ Bank of Japan (BOJ), List of Governors
  3. ^ a b c BOJ, 30th Governor
  4. ^ Samuelson, Robert J. (December 20, 2008), "Economic Triumvirate", Newsweek, http://www.newsweek.com/id/176288
  5. ^ Nihon Ginkō. (2009). Annual review, p. 7.

External links

Government offices
Preceded by Toshihiko Fukui Governor of the Bank of Japan 2008–present Succeeded by ——
This article incorporates information from the revision as of 2008-04-08 of the equivalent article on the Japanese Wikipedia.

Categories: 1949 births | Living people | People from Kitakyūshū | Central bankers | Economy of Japan | University of Tokyo alumni | University of Chicago alumni | Kyoto University faculty | Japanese economists

 

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