![]() In 2001, Prime Minister Junichiro Koizumi named Professor Takenaka the Minister for Economic/Fiscal Policy, in which position he spearheaded Japan’s economic structural reform. In 2002, he was named the Minister for both Financial Services and Economic/Fiscal Policy. In this capacity, he accomplished the disposal of non-performing loans of Japanese banks, which had hindered the Japanese economy for more than 10 years. In 2004, he was elected to the House of Councilors, and was named the Minister for both Economic/Fiscal Policy and Privatization of the Postal Services. In this capacity, he realized the privatization of Japan Post, the biggest public enterprise in Japan. In 2005, he was named the Minister for both Internal Affairs and Communication, and Privatization of the Postal Services. The following year, Professor Takenaka returned to academia. in economics from Hitotsubashi University and his PhD in economics from Osaka University. ![]() Hiroshi Nakaso was appointed chairman of the Daiwa Institute of Research (DIR) in July 2018 after completing his term as Deputy Governor of the Bank of Japan. He served as the Deputy Governor of the BOJ since March 2013. In his 39 years at the Bank, his main responsibilities have been crisis management of financial systems and markets focusing on global systems. ![]() He dealt with the homegrown financial crisis of the 1990s. He headed the exit operation from the Quantitative Easing Policy, a prototypical unconventional policy that lasted from 2001 to 2006. ![]()
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