Activities of Hiroshi Nakaso, Chairman of the Institute
Hiroshi NAKASO
Chairman of the Institute
Hiroshi Nakaso, former Deputy Governor of the Bank of Japan (2013–2018), serves as Chairman of the Institute at the Daiwa Institute of Research (DIR). During his four decades at the Bank, he played a pivotal role in financial system stability, leading Japan’s response to the 1990s financial crisis, the exit from Quantitative Easing (2001–2006), and global coordination during the 2008 financial crisis. He also chaired key international committees, including the BIS Markets Committee and the G20 Study Group on Commodities (2006–2013).
Mr. Nakaso became Chairman of the Organization of Global Financial City Tokyo (FinCity.Tokyo) in April 2019, promoting Tokyo as a global financial center. From 2021 to 2024, he represented Japan at the APEC Business Advisory Council (ABAC), where he led financial sector discussions and spearheaded policy recommendations for APEC Leaders. He chaired ABAC’s Finance Task Force in 2023 and the Finance and Investment Task Force in 2024. He also chairs the University Endowment Fund Investment Advisory Committee under JST.
Speeches and Presentations
- 12 December 2025
"Changing Environment and Future Challenges for Corporate Pension Fund Management" (Japanese) Keynote Speech at the Corporate Pension Symposium — “Thinking about the Future of Corporate Pensions for Your Tomorrow” (hosted by the Pension Fund Association) - 9 July 2025
Speech at Daiwa Japan Economy Seminar in Frankfurt
"Navigating a Shifting Economic Landscape" - 7 July 2025
Dinner Speech at Deutsche Bundesbank Hamburg
"Navigating a Shifting Economic and Political Landscape" - 19 May 2025
Lecture at Waseda Hatsukakai
"Structural Changes in the International Economic and Financial Order — How Will Trump’s Economic Policies Transform the World?" (Japanese) - 16 April 2019
Columbia Business School The Puzzle of Japan’s Low-For-Long 【Lectures（pdf）・Presentation Materials（pdf）】 - 5 March 2019
Daiwa Investment Conference Tokyo 2019 Japan's Economic Outlook Under Uncertainty 【Lectures（pdf）・Presentation Materials（pdf）】 - 14 November 2018
GARP Global Risk Forum
Reinforcing the Last Lines of Defense
Publications
- "The Yen as an International Currency" , NAKASO Hiroshi and HASHIMOTO Masahiko, Financial Review, Policy Research Institute, Ministry of Finance Japan, Vol. 153, June 2023.
- "Designing frameworks for central bank liquidity assistance: addressing new challenges" , Committee on the Global Financial System, Bank for International Settlements (BIS), CGFS Papers No. 58, April 2017.