Haruhiko Kuroda
| Governor of the Bank of Japan Date of Birth: Country: Japan |
Content:
- Haruhiko Kuroda - Biography of a Japanese Banker
- Early Career
- Leadership Roles
- Current Position
Haruhiko Kuroda - Biography of a Japanese Banker
Haruhiko Kuroda is a Japanese banker and the 31st Governor of the Bank of Japan. He was born on October 25, , in Omuta, Fukuoka, and graduated from the Law Faculty of the University of Tokyo in He also completed his studies at the School of Economics at the University of Oxford in
Early Career
Immediately after graduating from university in April , Kuroda joined the Ministry of Finance in Japan. Each year, the ministry hires graduates from the University of Tokyo, primarily from the law faculty, making the competition for these positions extremely fierce. Working at the Ministry of Finance is considered one of the most prestigious jobs in the country, with retirees often pursuing careers in top-level business or politics.
From to , Kuroda, who had risen through several important hierarchical levels in the ministry starting as a clerk in the secretariat, went on an overseas assignment to work at the International Mon
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Who is Haruhiko Kuroda?
Haruhiko Kuroda, is 31st and currentGovernor of the Bank of Japan. He was formerly the President of the AsianDevelopment Bank from 1 February to 18 March
Kuroda has been an advocate of looser monetary policy in Japan. His February nomination by the incoming government of Shinzo Abe had been expected. Also nominated at the same time were Kikuo Iwata — "a harsh critic of past BOJ policies" — and Hiroshi Nakaso, a seniorBOJofficial in charge of international affairs, as Kuroda's two deputies. The former governor, Masaaki Shirakawa, left in March
"There is plenty of room for monetary easing" in Japan, Kuroda said in a February interview, adding that the BOJcould go beyond purchasing government bonds to include corporate bonds "or even stocks". The yen, which "has fallen 10% against the dollar since Abe began his campaign in November", also fell on the news of Kuroda's nomination. However, the new governor is "expected to use his experience as Japan’s top currency official until to rebut overseas criticism that Tokyo is using easy monetary policy to drive the yen lower, triggering a war of competitive currency devaluation".
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Omuta- Education
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Haruhiko Kuroda
Biography
Haruhiko Kuroda has been the Governor of the Bank of Japan since 20 March
Mr Kuroda holds a BA in law from the University of Tokyo () and an MPhil in economics from the University of Oxford (). He started his career at the Japanese Ministry of Finance in His responsibilities at the Ministry encompassed fields such as international finance and national and international tax. He was seconded to the International Monetary Fund (IMF) as Advisor to an Executive Director, and served as secretary to the then Finance Minister Tatsuo Murayama. He represented the Ministry at a number of international monetary conferences as Vice-Minister of Finance for International Affairs, including meetings of the G7 Finance Ministers and Central Bank Governors, IMF/World Bank Annual Meetings and bilateral meetings between Japan and other countries or regions.
From Mr Kuroda served as Special Advisor to the Cabinet of Prime Minister Koizumi, while teaching economics and finance as a Professor at the Hitotsubashi University Graduate School of Economics. In February he took office as President of the Asian Development Bank. In the eight years of his tenure, he helped reform
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