Masaaki Shirakawa
Encyclopedia
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).
.and he graduated from high school in Kokura
In 1972, he was awarded a B.A. degree at the University of Tokyo
. In 1977, he earned an M.A. in Economics at the University of Chicago
.
branch. For a time, he was General Manager for the Americas at the bank's office in New York
.
Shirakawa joined the faculty of the graduate school of public policy at Kyoto University
in 2006. He returned to BOJ in 2008.
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).
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. In other words, this means that the role of the head of the BOJ is to effect price stability in Japan and to ensure stability of the financial system.
/WorldCat
encompasses roughly 10+ works in 20+ publications in 3 languages and 110+ library holdings .
Japanese people
The are an ethnic group originating in the Japanese archipelago and are the predominant ethnic group of Japan. Worldwide, approximately 130 million people are of Japanese descent; of these, approximately 127 million are residents of Japan. People of Japanese ancestry who live in other countries...
economist, central banker and the 30th Governor of the Bank of Japan
Bank of Japan
is the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...
(BOJ). He is also a Director and Vice-Chairman of the Bank for International Settlements
Bank for International Settlements
The Bank for International Settlements is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government...
(BIS).
Early life
Shirakawa was born in FukuokaFukuoka
Fukuoka most often refers to the capital city of Fukuoka Prefecture.It can also refer to:-Locations:* Fukuoka, Gifu, a town in Gifu Prefecture, Japan* Fukuoka, Toyama, a town in Toyama Prefecture, Japan...
.and he graduated from high school in Kokura
Kokura
is an ancient castle town and the center of Kitakyūshū, Japan, guarding, via its suburb Moji, the Straits of Shimonoseki between Honshū and Kyūshū. Kokura is also the name of the penultimate station on the southbound Sanyo Shinkansen line, which is owned by JR Kyūshū and an important part of the...
In 1972, he was awarded a B.A. degree at the University of Tokyo
University of Tokyo
, abbreviated as , is a major research university located in Tokyo, Japan. The University has 10 faculties with a total of around 30,000 students, 2,100 of whom are foreign. Its five campuses are in Hongō, Komaba, Kashiwa, Shirokane and Nakano. It is considered to be the most prestigious university...
. In 1977, he earned an M.A. in Economics at the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
.
Career
Shirakawa joined the Bank of Japan in 1972. His varied assignments at the bank included a period as General Manager at the ŌitaOita, Oita
is the capital city of Ōita Prefecture located on the island of Kyushu, Japan.- Demographics and geography :Ōita is the most populous city in Ōita Prefecture...
branch. For a time, he was General Manager for the Americas at the bank's office in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
.
Shirakawa joined the faculty of the graduate school of public policy at Kyoto University
Kyoto University
, or is a national university located in Kyoto, Japan. It is the second oldest Japanese university, and formerly one of Japan's Imperial Universities.- History :...
in 2006. He returned to BOJ in 2008.
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
Newsweek
Newsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence...
along with economic triumvirs Ben Bernanke
Ben Bernanke
Ben Shalom Bernanke is an American economist, and the current Chairman of the Federal Reserve, the central bank of the United States. During his tenure as Chairman, Bernanke has overseen the response of the Federal Reserve to late-2000s financial crisis....
(4th) and Jean-Claude Trichet
Jean-Claude Trichet
Jean-Claude Trichet is a French civil servant who was the president of the European Central Bank, a position he held from 2003 to 2011. He is also a member of the Board of Directors of the Bank for International Settlements...
(5th).
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. In other words, this means that the role of the head of the BOJ is to effect price stability in Japan and to ensure stability of the financial system.
Selected works
In a statistical overview derived from writings by and about Masaaki Shirakawa, OCLCOCLC
OCLC Online Computer Library Center, Inc. is "a nonprofit, membership, computer library service and research organization dedicated to the public purposes of furthering access to the world’s information and reducing information costs"...
/WorldCat
WorldCat
WorldCat is a union catalog which itemizes the collections of 72,000 libraries in 170 countries and territories which participate in the Online Computer Library Center global cooperative...
encompasses roughly 10+ works in 20+ publications in 3 languages and 110+ library holdings .
- The Monetary Approach to the Balance of Payments and the Exchange Rate: an Empirical Study of Japan's Case (1980)
- 図說日本銀行 (1993)
- Financial Market Globalization: Present and Future (1997)
- The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons (2000)
- "One Year Under 'Quantitative Easing' " (2002)
- Japan's Deflation, Problems in the Financial System and Monetary Policy (2005)
External links
- Deputy Governor Bank of JapanBank of Japanis the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...
retrieved April 8, 2008 - Highlights 4-Remarks by BOJ nominees Shirakawa and Watanabe ReutersReutersReuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
retrieved April 8, 2008 - 白川・渡辺両氏から所信聴取 NHKNHKNHK is Japan's national public broadcasting organization. NHK, which has always identified itself to its audiences by the English pronunciation of its initials, is a publicly owned corporation funded by viewers' payments of a television license fee....
retrieved April 8, 2008 - 小沢氏に振り回される福田首相 日銀人事めぐり (1/2ページ) - MSN産経ニュース MSN Sankei NewsSankei Shimbunis a daily newspaper in Japan published by the . It has the sixth highest circulation for a newspaper in Japan, and is considered as one of the five "national" newspapers...
retrieved April 8, 2008 - 白川日銀総裁の同意決定へ＝民主 | 時事ドットコム Jiji PressJiji PressJiji Press Ltd. is a leading wire service in Japan. Headquartered at Ginza, Chuo, Tokyo, Jiji has 82 branch offices, general bureau and bureau in Japan and 28 general bureau globally. Seizo Wakabayashi is the current President of Jiji Press.-External links:*...
retrieved April 8, 2008 - (webcast only) The Way out of Economic and Financial Crisis: Lessons and Actions Masaaki Shirakawa addresses the current global economic crisis and offer lessons from Japan’s recent experience.