Quick Facts
Biography
Tadashi Sasaki (佐々木 直, Sasaki Tadashi, 5 May 1907 – 7 July 1988) was a Japanese central banker and 22nd Governor of the Bank of Japan (BOJ).
Early life
Sasaki was born in Yamaguchi Prefecture.
Career
Sasaki was BOJ Governor from December 17, 1969 to December 16, 1974. Immediately prior, he had been Deputy Governor.
During Sasaki's tenure, BOJ became a shareholder of the Bank for International Settlements BIS); however, in 1970, the head of the Japanese central bank was not invited to become a member of the BIS Board of Directors.
Japan experienced an unexpectedly high rate of economic growth in 1972. However, the country began to increase its focus on social welfare and quality of life which marked a significant change from Japan's policy of "economic growth first" in the years since the end of World War II. Inflationary pressures occurred as a result which Sasaki countered by forecasting tighter monetary policy in early 1973.
