Toshiro Mutoh is Chairman of the Daiwa Institute
of Research, one of the largest economic research institutions in Japan.
He spent over forty years working in the public sector, first with the
Ministry of Finance and later with the Bank of Japan (BOJ). He was appointed
Administrative Vice Minister of Finance in June 2000, which entailed planning
and executing cabinet fiscal policy. In March 2003, Mr. Mutoh became a
Deputy Governor of BOJ. He also played a major role in discontinuing the
zerointerest-rate monetary policy.