BOJ policy unchanged, upgrades assessment

TOKYO, March 7 (UPI) -- Japan's central bank made no change Thursday either in its policy or in the short-term interest rate of zero to 0.1 percent at its monetary policy meeting.

ADB president proposed as BOJ governor

TOKYO, Feb. 28 (UPI) -- The Japanese government Thursday proposed Asian Development Bank President Haruhiko Kuroda as the next governor of its central bank.

UPI NewsTrack Business

Wall Street cautious with 'cliff' impasse ... Japan industrial output slumps in November ... Online retail jumps on Christmas Day ... U.S. pending home sales index rises ... News from United Press International.

Japan industrial output slumps in November

TOKYO, Dec. 28 (UPI) -- Japan Friday announced industrial output, hurt by slowing exports, fell 1.7 percent in November from October, while November consumer prices eased.

Bank of Japan lowers recovery expectations

TOKYO, April 30 (UPI) -- The Bank of Japan predicted the recession would lead to a 3.1 percent gross domestic product contraction in the year ending in March 2010.

Bank of Japan may buy subordinated debt

TOKYO, March 17 (UPI) -- The Bank of Japan said Tuesday it was considering accepting $10 billion of subordinated loans and bonds from commercial banks to spur lending.

Japan interest rate cut

TOKYO, Oct. 31 (UPI) -- The Bank of Japan Friday cut its key interest rate to 0.3 percent from 0.5 percent, the first such cut in seven years, to boost Japan's sluggish economy.

Japan's interest rate left unchanged

TOKYO, April 30 (UPI) -- Japan's central bank Wednesday left the short-term interest rate unchanged at 0.5 percent ahead of an expected lowering of its economic growth forecast.

Japan interest rate left unchanged

TOKYO, April 9 (UPI) -- The Bank of Japan, in an expected move, Wednesday left its short-term interest rate unchanged at 0.5 percent.

Central bank governor nominee approved

TOKYO, April 9 (UPI) -- Japan's upper house of Parliament Wednesday approved Masaaki Shirakawa as the next governor of the central bank, ending three weeks of political wrangling.

Parties agree on Bank of Japan governor

TOKYO, April 4 (UPI) -- The opposition Democratic Party of Japan agreed Friday to support the promotion of Masaaki Shirakawa to governor of the Bank of Japan, a party leader said.

Two, not one, to lead Bank of Japan

TOKYO, March 21 (UPI) -- The Japanese government failed to appoint a new Bank of Japan governor, awarding the job of running the bank to two new deputy governors appointed Friday.

Japan upper house rejects BOJ nominee

TOKYO, March 19 (UPI) -- Japan's opposition-controlled upper house of parliament Wednesday rejected another government nominee for governor of the country's central bank.

Bank of Japan nominee gets lower house nod

TOKYO, March 13 (UPI) -- Japan's central bank governor nominee got the nod Thursday from parliament's lower house, although the opposition-controlled upper house has rejected him.
Masaaki Shirakawa
G-7 Summit Central Bank Governors stand for a photo outside the Treasury Department during the G-7 Summit in Washington on April 11, 2008. From left, Mark J. Careny, Canada, Christian Noyer, France, Axel A. Weber, Germany, Ben Bernanke, United States, Mario Draghi, Italy, Masaaki Shirakawa, Japan, Mervyn King, United Kingdom, and Jean-Claude Trichet, European Central Bank. (UPI Photo/Alexis C. Glenn)

Masaaki Shirakawa (白川方明, Shirakawa Masaaki?, born September 27, 1949) is Governor of the Bank of Japan. His nomination to the post 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).

After graduating from high school in Kokura, Shirakawa entered the University of Tokyo, graduating with a degree in economics. He joined the Bank of Japan in 1972, subsequently earning a master's degree in economics from the University of Chicago. His posts at the Bank of Japan included the head of the Ōita branch and an overseas assignment in New York. Shirakawa joined the faculty of the graduate school of public policy at Kyoto University in 2006, and returned to the BoJ in 2008.

This article incorporates material from 白川方明 (Shirakawa Masaaki) in the Japanese Wikipedia, retrieved on April 8, 2008.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Masaaki Shirakawa."
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