Satoshi Sumita
Encyclopedia
was a Japanese
businessman, central banker, the 25th Governor of the Bank of Japan
(BOJ) during a period in which Japan became the world's largest creditor nation.
. He gained international experience as president of the semi-official Japan Export-Import Bank
(JEXIM).
Sumita was Governor of the Bank of Japan from December 17, 1984 to December 16, 1989, having previously served as Finance Minister from 1979 to 1984.
In September 1988, he represented Japan at a meeting of the Group of Seven
(G7) in Bonn. In March 1989, he was the head of Japan's delegation at meetings of the G7, the International Monetary Fund
and the World Bank
.
According to Finance Minister
Ryutaro Hashimoto
, Sumita "served during a very difficult time". Sumita's easy monetary policies were credited with creating a rise in stock and property values in the late 1980s, a phenomenon known as the bubble economy.
/WorldCat
encompasses roughly 8 works in 10+ publications in 3 languages and 30+ 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...
businessman, central banker, the 25th 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) during a period in which Japan became the world's largest creditor nation.
Career
In the 1960s, Sumita was made director of the Banking Bureau within the Japanese Ministry of FinanceMinistry of Finance (Japan)
The ' is one of cabinet-level ministries of the Japanese government. The ministry was once named Ōkura-shō . The Ministry is headed by the Minister of Finance , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister.The Ministry's origin was back in...
. He gained international experience as president of the semi-official Japan Export-Import Bank
Japan Bank for International Cooperation
The , also known by its acronym, JBIC, is a Japanese public financial institution and export credit agency, and was created on October 1, 1999, through the merging of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund ....
(JEXIM).
Sumita was Governor of the Bank of Japan from December 17, 1984 to December 16, 1989, having previously served as Finance Minister from 1979 to 1984.
In September 1988, he represented Japan at a meeting of the Group of Seven
Group of Seven
Group of Seven can refer to:*G7 - the "Group of seven" industrially advanced nations .*Group of Seven - a group of Canadian landscape artists....
(G7) in Bonn. In March 1989, he was the head of Japan's delegation at meetings of the G7, the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
and the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
.
According to Finance Minister
Minister of Finance (Japan)
The is the member of the Cabinet of Japan in charge of the Ministry of Finance. This position was formerly cited as being Japan's most powerful and one of the world's, because Japan had historically held the largest foreign exchange reserves...
Ryutaro Hashimoto
Ryutaro Hashimoto
was a Japanese politician who served as the 82nd and 83rd Prime Minister of Japan from January 11, 1996 to July 30, 1998. He was the leader of one of the largest factions within the ruling LDP through most of the 1990s and remained a powerful back-room player in Japanese politics until scandal...
, Sumita "served during a very difficult time". Sumita's easy monetary policies were credited with creating a rise in stock and property values in the late 1980s, a phenomenon known as the bubble economy.
Selected works
In a statistical overview derived from writings by and about Satoshi Sumita, 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 8 works in 10+ publications in 3 languages and 30+ library holdings.
- 財政投融資: 昭和 34年度 (1959)
- 忘れがたき日日七十五年: 澄田智回想錄 (1992)
- 多国籍企業の実態: 外務省多国籍企業調查団報告書 (1973)