Haruo Maekawa

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Haruo Maekawa

Haruo Maekawa (前川 春雄, Maekawa Haruo, February 6, 1911 – September 22, 1989), also romanized as Mayekawa,[1] was a Japanese businessman, central banker, the 24th Governor of the Bank of Japan (BOJ).

Early life[edit]

Maekawa was born in Tokyo.[2]


Before rising to become head of the Bank of Japan, Maekawa held other bank positions, including director of foreign-exchange operations.[3]

Maekawa was Governor of the Bank of Japan from December 17, 1979 through December 16, 1984,[1] having previously served as Deputy Governor from 1974 to 1979.[4] Along with Finance Minister Noboru Takeshita, he was credited with negotiating a Saudi-Japan petrodollar accord in 1980.[5]

In 1986, the Maekawa Commission (the "Advisory Group on Economic Restructuring" headed by Maekawa)[6] proposed economic reforms designed to make the living standards of Japanese more comparable to levels enjoyed in the West.[7] Maekawa is credited as the chief author of the commission report.[8]

See also[edit]


  1. ^ a b BOJ, List of Governors
  2. ^ Bank of Japan (BOJ), 24th Governor
  3. ^ Farnsworth, Clyde H. "Central Bankers Discuss Currency," New York Times. December 9, 1968; retrieved 2011-08-17
  4. ^ Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, p. 147, p. 147, at Google Books
  5. ^ Ofusa, Junnosuke. "Saudi-Japan Petrodollar Accord Set," New York Times. April 25, 1980; retrieved 2011-0817
  6. ^ Library of Congress (LOC), Maekawa, Haruo
  7. ^ Sterngold, James. "Tokyo's Importing More, but Who's Benefiting?" New York Times. February 25, 1991; "Japan's Broken Pledge of Change Comes Back to Haunt Its Economy," New York Times. August 15, 1992; retrieved 2011-08-17
  8. ^ WorldCat Identities: Maekawa, Haruo; Mayekawa, Haruo


  • Maekawa, Haruo; Special Committee on Economic Restructuring. (1987). Maekawa Report (The Report of the Advisory Group on Economic Restructuring). Rotterdam : Rotterdam Institute of Modern Asia Studies (RIMAS). OCLC 150137623
  • Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy. Armonk, New York: M.E. Sharpe. ISBN 978-0-7656-1048-5; OCLC 471605161
Government offices
Preceded by
Teiichiro Morinaga
Governor of the Bank of Japan
Succeeded by
Satoshi Sumita