Haruo Maekawa (前川 春雄, Maekawa Haruo, February 6, 1911 – September 22, 1989), also romanized as Mayekawa,[1] was a Japanese businessman, central banker, the 24th Governor of the Bank of Japan (BOJ).

Haruo Maekawa
前川 春雄
Haruo Maekawa BOJ24.jpg
24th Governor of the Bank of Japan
In office
17 December 1979 – 16 December 1984
Preceded byTeiichiro Morinaga
Succeeded bySatoshi Sumita
Personal details
Born(1911-02-06)February 6, 1911
Tokyo, Japan
DiedSeptember 22, 1989(1989-09-22) (aged 78)
Alma materTokyo Imperial University

Early lifeEdit

Maekawa was born in Tokyo.[2]


Before rising to become head of the Bank of Japan, Maekawa held other bank positions, including director of foreign-exchange operations.[3]

Maekawa was Governor of the Bank of Japan from December 17, 1979 through December 16, 1984,[1] having previously served as Deputy Governor from 1974 to 1979.[4] Along with Finance Minister Noboru Takeshita, he was credited with negotiating a Saudi-Japan petrodollar accord in 1980.[5]

In 1986, the Maekawa Commission (the "Advisory Group on Economic Restructuring" headed by Maekawa)[6] proposed economic reforms designed to make the living standards of Japanese more comparable to levels enjoyed in the West.[7] Maekawa is credited as the chief author of the commission report.[8]

See alsoEdit


  1. ^ a b BOJ, List of Governors
  2. ^ Bank of Japan (BOJ), 24th Governor
  3. ^ Farnsworth, Clyde H. "Central Bankers Discuss Currency," New York Times. December 9, 1968; retrieved 2011-08-17
  4. ^ Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, p. 147, p. 147, at Google Books
  5. ^ Ofusa, Junnosuke. "Saudi-Japan Petrodollar Accord Set," New York Times. April 25, 1980; retrieved 2011-0817
  6. ^ Library of Congress (LOC), Maekawa, Haruo
  7. ^ Sterngold, James. "Tokyo's Importing More, but Who's Benefiting?" New York Times. February 25, 1991; "Japan's Broken Pledge of Change Comes Back to Haunt Its Economy," New York Times. August 15, 1992; retrieved 2011-08-17
  8. ^ WorldCat Identities: Maekawa, Haruo; Mayekawa, Haruo


  • Maekawa, Haruo; Special Committee on Economic Restructuring. (1987). Maekawa Report (The Report of the Advisory Group on Economic Restructuring). Rotterdam : Rotterdam Institute of Modern Asia Studies (RIMAS). OCLC 150137623
  • Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy. Armonk, New York: M.E. Sharpe. ISBN 978-0-7656-1048-5; OCLC 471605161
Government offices
Preceded by
Teiichiro Morinaga
Governor of the Bank of Japan
Succeeded by
Satoshi Sumita