Masaru Hayami

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Masaru Hayami
Masaru Hayami

Masaru Hayami (速水優, b. March 24, 1925) is a Japanese businessman from Kobe. He graduated from Hitotsubashi University.

The former CEO of the Nissho Iwai Corporation, he later served as governor of the Bank of Japan (BOJ) from 1998 to 2003. Hayami was a controversial BOJ governor because he insisted Japanese politicians must change the structure of the economy before the BOJ could take further measures to end deflation. He fiercely resisted politicians' demand to loosen monetary policy, thereby increasing the pressure on politicians to reduce stifling regulation, monopolies, and oligopolies in various economic sectors.

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