Nobuyuki Nakahara, a former deliberation committee member of the Bank of Japan, who appealed for bold monetary easing measures as a measure against deflation and led the introduction of the BOJ's quantitative easing policy, has passed away.
I was 86 years old.
After serving as the current president of ENEOS, Toa Fuel Industry at that time, from 1986, Mr. Nakahara was involved in monetary policy decisions as a deliberation committee member of the Bank of Japan from 1998 to 2002.
During his term, Mr. Nakahara was quick to insist on the introduction of price targets and bold monetary easing as a measure against deflation amid the rapid deterioration of the domestic economy due to the financial crisis, and played a leading role in the introduction of the BOJ's quantitative easing policy. I played.
After that, in 2013, the Bank of Japan issued a joint statement with the government that included a price target of 2%.
Mr. Nakahara is said to have had a long-standing connection with former Prime Minister Abe, and when the second Abe administration was inaugurated in 2012, he advised on large-scale monetary easing, which is one of the pillars of "Abenomics", as a brain of the administration. It is said.
He was known as a so-called reflationist who insisted on aggressive monetary easing.