Sayuri Shirai

Professor, Keio University and former Board Member, Bank of Japan

Dr. Sayuri Shirai is currently a professor of Keio University and also a visiting scholar at the Asian Development Bank Institute. She was a Member of the Policy Board of the Bank of Japan (BOJ) from April 2011 to March 2016, who is responsible for making policy decisions. She supported the BOJ’s Quantitative and Qualitative Monetary Easing (QQE) in 2013 and QQE expansion in 2014, but voted against the negative interest rate policy in January 2016. During this term, she made 22 official speeches at various central banks (including FRB, ECB, BOE) and made extensive discussions with many central bankers. Speeches were also delivered at IMF, European Commission, Bruegel, and academic conferences.

She worked as Professor of Economics at Keio University before becoming a board member at BOJ. She also taught at Science-Po in France in 2007-08. She was formally an Economist at the International Monetary Fund (1993-98). She graduated from Keio University and holds a Ph.D. in Economics from Columbia University. She is the author of numerous articles in professional journals and published many books on China’s exchange rate system, Japan’s macroeconomic policy, IMF policy, European debt crisis, etc. The most recent book (in Japanese) published in August 2016 was about the monetary policies of BOJ, ECB, and FRB “(Translated Title: Unwinding Super-Easy Monetary Policy”). She published an e-book entitled Mission Incomplete – Reflating Japan’s Economy in English in February 2017.

She makes comments for Reuters, CNBC, Bloomberg, BBC, and many Japanese TV programs and newspapers on Japanese economy and monetary policy.