IBA Information Forum Luncheon
| Date: |
Thursday, March 22, 2007 |
| Time: |
12:00 to 13:30 |
| Venue: |
6th floor, Seminar Room A/B Merrill Lynch Japan Securities Nihonbashi 1-chome Building (beside “Coredo”)
1-4-1 Nihonbashi, Chuo-ku |
| Cost: |
Y4,000 (Payable at the door) |
Developments in the Japanese Market
Since the End of Zero Interest Rates
Guest Speaker:
Mr. Hiroshi Nakaso, Director General
Financial Markets Department, Bank of Japan
(This presentation was conducted in English)
Mr. Hiroshi Nakaso from the Bank of Japan (BOJ) discussed financial market developments since the BOJ ended its policy of zero interest rates in July 2006, and discussed the outlook as the BOJ moves towards a normalization of monetary policy. His talk focused on:
• Exits from Quantitative Easing Policy and Zero Interest Policy
• Open Market Operation and Market Functioning
• Financial Markets Developments
Hiroshi Nakaso graduated from the University of Tokyo with a B.A. in Economics and joined the BOJ in 1978. He has spent time at the BOJ's London Representative Office and has also represented the BOJ as a member of one of the sub-groups of the Basel Committee on Banking Supervision and on the Bank for International Settlements (BIS) Eurocurrency Standing Committee. In 2000 he was transferred to the BIS in Basel, Switzerland. He returned to Japan a year later, and assumed his current position in May 2003. Since June 2006 he has served as Chairman of the Markets Committee, a standing committee at the BIS.