Tadashi Sasaki (banker)

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.^[4]

In 1972 Japan experienced an unexpectedly high rate of economic growth. 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 of these measures, which Sasaki countered by forecasting tighter monetary policy in early 1973.^[5]

• Toniolo, Gianni. (2005). Central Bank Cooperation at the Bank for International Settlements, 1930–1973. Cambridge: Cambridge University Press. ISBN 0-521-84551-3
• 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 0-7656-1048-5