Finance Minister Sato declines to revise the BoJ Law

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• Princes of the Yen whole source · open book

  In April 1960, the new finance minister, Eisaku Sato (brother of Prime Minister Nobosuke Kishi and nephew of their uncle Yosuke Matsuoka, the great industrialist of the Manchurian war economy), declared that with two conflicting recommendations from the committee, he could not introduce new legislation to change the BoJ Law.62

  chapter: 6. The First Bid for Central Bank Independence

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• Richard Werner author of the source

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• Paper money, central banks, and credit creation step 22
• Princes of the Yen: Japan built, bubbled, and broken step 101

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