Mitsuhiro furusawa biography definition
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Currently, he serves as the president of the Sumitomo Mitsui Banking Corporation's Global Financial Affairs Research Institute, maintaining close ties with current central bank policymakers in Japan and overseas.
Yen Expected to Continue Appreciating
The market widely speculates that Trump, who previously accused Japan of currency manipulation, will pressure the Japanese government to help weaken the US dollar against the yen to give US exports a trade advantage.
One cannot praise him enough for his dedication to the core values of the Fund and his great respect for Fund staff and their work.”
Prior to coming to the Fund, Mr. Furusawa had a long and distinguished career in public service. Among his many ministry postings, he served as Vice Minister of Finance for International Affairs (2013-2014) and Director-General of the Financial Bureau (2012-2013).
Meanwhile, Japan aims to prevent excessive yen weakness from driving up inflation.
"Therefore, their intentions in this regard are aligned. He served as Special Advisor to Former Japanese Prime Minister Shinzo Abe and Special Advisor to the Minister of Finance. We will miss him greatly,” said Ms.
Georgieva.
In his capacity as Deputy Managing Director, Mr. Furusawa led the Fund’s work on reforms of quota and the Fund finances, new rounds of New Arrangements to Borrow and bilateral borrowing agreements, internal and external audit matters, and concessional financing reforms, as well as serving as the chair of the Investment Oversight Committee.
He was a key player in the Fund’s work on the historic $650 billion SDR Allocation and, most recently on voluntarily channeling SDRs to countries most in need.
Mr.
Mr. Furusawa also served as Executive Director for Japan at the Fund from 2010 to 2012, during which he provided exceptional support to put together the 2012 Annual Meetings in Tokyo.
A 1979 graduate of the University of Tokyo with an LL.B. degree, Mr. Furusawa also graduated in 1983 from the École Nationale d’Administration in Paris.
The process is underway to name a successor.
Former IMF Deputy Managing Director Mitsuhiro Furusawa Appointed as Advisor to SBILM
Mitsuhiro Furusawa, former Deputy Managing Director of the International Monetary Fund (IMF) and current President of the SMBC Institute for Global Financial Affairs, has been invited as an advisor to SBILM.
His exemplary diplomatic skills and always thoughtful interactions have commanded respect and ensured excellent relations with member countries. However, he also hinted that rate hikes would need to wait until the impact of Trump's tariffs becomes clearer.
"If Japan successfully reaches a broad trade agreement with the US—possibly at the G7 summit this month—it will reduce uncertainty," Furusawa said.
Once real wages in Japan rise, it will support consumption.
"If we see these positive developments, the BOJ may raise interest rates again in the second half of the year," Furusawa said, adding that the yen "may appreciate to around 135-140 yen per US dollar by the end of the year."
As of press time this Friday, the US dollar-Japanese yen exchange rate was hovering around 144.11.
Furusawa said that the Bank of Japan may ultimately want to raise its short-term policy interest rate target, currently at 0.5%, to above 1%, though success is uncertain.
Japan may struggle to use US debt as a bargaining tool
Japan is continuing trade negotiations with the US, with a focus on making progress on automobile tariffs.
He is well known for making sure that the views of all member countries are given due attention. His leadership and strategic foresight were crucial in bringing several complex program cases to a successful completion.
Ms.
On Friday, Mitsuhiro Furusawa, a former Japanese vice finance minister, stated that amid the narrowing trend of the interest rate gap between the US and Japan, the yen is expected to continue appreciating against the US dollar, potentially reaching around 135-140 yen per US dollar by the end of the year.
Furusawa previously served as a deputy managing director at the International Monetary Fund (IMF) and as Japan's vice finance minister for international affairs, making him the top official responsible for exchange rate matters in Japan.
Mr. Furusawa oversaw the IMF engagement with a large number of member countries, regional blocks, and currency unions, such as the Association of Southeast Asian Nations (ASEAN), the Central African Economic and Monetary Community (CEMAC), and the West African Economic and Monetary Union (WAEMU). Furusawa has held a number of important positions, including Vice-Minister of Finance for International Affairs, and after serving as Deputy Managing Director of the International Monetary Fund (IMF), he became President of SMBC Institute for Global Financial Affairs in December 2021.
We would like Mr.Furusawa to use his insight to serve as an advisor to the Company, such as a Financial seminars through subsidiaries and affiliates, appearances on web commentary videos, etc.
(Brief Personal History)
April 1979 Joined Ministry of Finance
June 1983 Graduated from the Institut National d'Administration de France（ENA）
July 1990 Assistant to the Chief Accountant, Budget Bureau
June 1991 Assistant Director, International Bureau
December 1997 Counselor at the Embassy of Japan in France
July 2002 Director for Budget Bureau
July 2007 Minister, Embassy of Japan in the United States
July 2009 Senior Deputy Director-General of the International Bureau
August 2010 Representative Director of the International Monetary Fund (IMF)
August 2012 Director-General of the Financial Bureau
March 2013 Vice-Minister of Finance for International Affairs
July 2014 Counselor to the Cabinet Secretariat and Advisor to the Ministry of Finance
March 2015 Deputy Managing Director, International Monetary Fund (IMF)
December 2021 President of Institute for Global Financial Affairs, Sumitomo Mitsui Banking Corporation.
However, Furusawa stated that it remains unclear whether the Trump administration will explicitly adopt a weak dollar policy.
"It is not easy for policymakers to intentionally push down the dollar," Furusawa said. (Inauguration as of October 1)
Mr. According to Japanese media reports, the two sides may seek to reach an agreement before the G7 summit on June 15-16.Last month, Japanese Finance Minister Shunichi Suzuki said that Japan might use its holdings of over $1 trillion in US Treasury bonds as leverage in trade negotiations with the US government, a statement that caused a stir.
However, Furusawa believes that as a negotiating strategy, it is reasonable for Japan to claim that "all options are on the table." But it is doubtful whether Japan can actually use US debt as a bargaining tool.
He explained that part of the reason is that if Japan were to actually sell off US Treasury bonds, it could anger Trump and disrupt trade negotiations, potentially backfiring.
日元有望大爆發？日本前高官：年底前預計升至135-140區間
日本前外匯事務最高官員 Mitsuhiro Furusawa 周五 (6 日) 表示，日元兌美元匯率可能在年底前升至 135-140 區間。他曾擔任國際貨幣基金組織副總裁，現為三井住友銀行全球金融研究所所長，其觀點被視為洞察日本央行決策的重要風向標。
Furusawa 指出，日元走強主要源於美日利差收窄，而非川普政府刻意打壓美元。貨幣政策分化被視作日元走強的核心引擎。
Furusawa 分析稱，當美聯準會啟動降息周期，而日本央行持續升息時，這種「剪刀差」自然支持日元升值。日本央行總裁植田和男已明確表態，只要經濟數據支持通膨穩定在 2% 目標區間，就會繼續升息。美國財政部在其半年度貨幣報告中也呼籲日本央行收緊政策，以扭轉日元疲軟狀態。
Furusawa 在專訪中強調：「當關稅已成為主要談判工具時，華盛頓沒必要過度依賴匯率手段」。不過他同時指出，美國不會放任美元過度走強損害出口，而日本也需防範日元過弱推高通膨，因此「雙方在這個問題上其實存在默契」，這意味著日元可能逐步升值。
Furusawa 預測，本月 15-16 日的 G7 峰會或成關鍵轉折點，若日美能達成廣泛貿易協議，特別是汽車關稅領域的突破，將大幅消除市場不確定性。
他特別指出，隨著食品通膨緩解和實際工資增長，日本消費有望復甦，這將為日本央行在下半年再次升息創造條件，進而推動日元在年底前走強至 135-140 水準。
關於日本財務大臣加藤勝信上月關於「可能拋售上兆美元美債作為談判籌碼」的言論，Furusawa 評價稱，將全部選項擺上談判桌是常規策略，但實際動用美債這一「核武器」的可行性存疑，因為這種威脅可能激怒川普並導致貿易談判崩盤。
目前日美談判焦點仍集中在汽車關稅讓步，日媒報導雙方正力爭在 G7 峰會前達成協議。
IMF announces retirement of Deputy Managing Director, Mitsuhiro Furusawa
International Monetary Fund (IMF) Managing Director Kristalina Georgieva, has announced that Mitsuhiro Furusawa intends to conclude his service as Deputy Managing Director on November 30, 2021.
Mr.
He held several senior positions in Japan’s Ministry of Finance.
Furusawa also spearheaded fundraising efforts for the Catastrophe Containment and Relief Trust. Furusawa has been a member of the Fund’s management team since March 2015.
“Furusawa-san has been a skillful leader, an excellent communicator, and most important, a tremendous team player. This suggests that the yen may gradually appreciate," he said.
Additionally,the divergence in monetary policy directions between Japan and the US will also support the yen.Amid widespread market concerns about a US recession triggered by tariff shocks, there is speculation that the US Fed's next move could be an interest rate cut, while the Bank of Japan (BOJ) is currently considering further rate hikes.
BOJ Governor Kazuo Ueda recently stated that if Japan's economic conditions improve and inflation continues to meet the 2% target, the central bank will proceed with rate hikes.
"After clearly stating that tariffs are the main tool (for negotiations), I believe the US government does not need to rely too much on currency to achieve its goals."
Nevertheless, Furusawa noted that the US may wish to avoid further appreciation of the dollar to prevent harm to exports.