Shigeyoshi Matsuo

Shigeyoshi Matsuo (松尾 臣善, Matsuo Shigeyoshi, March 6, 1843 – April 7, 1916) was a Japanese businessman, central banker and the 6th Governor of the Bank of Japan (BOJ). He was a Baron and a member of Japan's House of Peers from 1900 through 1916.[1]

Shigeyoshi Matsuo

Early life

Matsuo was born in Hyogo Prefecture.[2]

Career

In 1900, Matsuo had risen to the position of bureau chief in the Finance Ministry.[3]

Matsuo was BOJ Governor from October 20, 1903 to June 1, 1911.[4] During his term, the bank managed the money supply to restrain inflation.[5]

In 1904, Matsuo assembled the heads of 35 commercial banks, offering favourable terms for lending by BOJ.[5]

Matsuo construed complaints about "bad times" to mean that economic conditions were normal, and that there had been diminished opportunities for speculation.[6]

Notes

1. Augello, Massimo et al. (2005). Economists in Parliament in the Liberal Age (1848–1920), p. 278 n39., p. 278, at Google Books
2. Bank of Japan (BOJ), 6th Governor
3. Duus, Peter. (1995). The Abacus and the Sword: The Japanese Penetration of Korea, 1895-1910, p. 162., p. 162, at Google Books
4. BOJ, List of Governors.
5. Wolf, David et al. (2007). The Russo-Japanese War in Global Perspective: World War Zero, p. 263., p. 263, at Google Books
6. Matsuo, Shigeyoshi. (1911). "The Banking Year in Japan in 1910," in The Market world and Chronicle, Vol. 1, p. 20., p. 20, at Google Books

References

• Augello, Massimo M. and Marco Enrico Luigi Guidi. (2005). Economists in Parliament in the Liberal Age (1848-1920). Burlington: Ashgate.ISBN 9780754639657; OCLC 470670050
• Duus, Peter. (1995). The Abacus and the Sword: The Japanese Penetration of Korea, 1895-1910. Berkeley: University of California Press.ISBN 9780520086142 OCLC 232346524