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).
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. 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.
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.
- 海図なき航海の時代: 変動相場制10年 (1982)
- 円が尊敬される日 (1995)
- 国際収支 (1997)
- 中央銀行の独立性と金融政策 (2004)
- 強い円強い経済 = Strong yen, strong economy (2005)
- ^ Bilderberg Group, Money-Traders Global Network; retrieved 2011-08-17
- ^ Bank of Japan (BOJ), 28th Governor
- ^ BOJ, List of Governors
- ^ Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, p. 309 n.27 at Google Books
- ^ WorldCat Identities: 速水優 1925-
- Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy. Armonk, New York: M.E. Sharpe. 10-ISBN 0765610485; 13-ISBN 9780765610485; OCLC 471605161
Government offices Preceded by
Governor of the Bank of Japan
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