Former Bank of Japan Governor Haruhiko Kuroda Awarded Grand Cordon of the Order of the Sacred Treasure

Former Bank of Japan Governor Haruhiko Kuroda, 79, was awarded the Grand Cordon of the Order of the Sacred Treasure in Japan's 2024 spring honors list, which recognized a total of 4,108 recipients. Kuroda served as the BOJ governor for over 10 years, from March 2013 to April 2023, and spearheaded the central bank's unparalleled monetary easing policies aimed at helping Japan surmount deflation during his tenure.

Kuroda is among the 4,108 individuals recognized in Japan's 2024 spring honors list. He will be awarded the Grand Cordon of the Order of the Sacred Treasure for his decade-long tenure as the central bank's governor from 2013 to 2023. Under Kuroda's leadership, the Bank of Japan implemented assertive monetary easing measures in an effort to combat Japan's persistent deflation and stimulate economic growth.

Why this matters: The awarding of the Grand Cordon of the Order of the Sacred Treasure to Haruhiko Kuroda highlights the significant impact of his monetary policies on Japan's economy over the past decade. As a highly respected central banker, Kuroda's legacy will continue to shape discussions on monetary policy and economic strategies in Japan and beyond.

Other notable foreign recipients in the 2024 spring honors list include former U.S. Deputy Secretary of State Wendy Sherman and former Australian Foreign Minister Julie Bishop, who will both receive the Grand Cordon of the Order of the Rising Sun. The spring decorations also recognize contributions from individuals such as former Pearl Harbor National Memorial chief historian Daniel Martinez and former professional wrestler Tiger Jeet Singh from India.

The awards will be conferred by Emperor Naruhito and Prime Minister Fumio Kishida on May 9 at the Imperial Palace in Tokyo. The prestigious Grand Cordon of the Order of the Sacred Treasure recognizes Kuroda's distinguished service and significant contributions to Japan's monetary policy during his tenure as the head of the central bank. "Kuroda spearheaded the Bank of Japan's unparalleled monetary easing policies aimed at helping Japan surmount deflation during his tenure," the honors list stated, underscoring the impact of his leadership on the nation's economic landscape.

Key Takeaways

• Former BOJ governor Haruhiko Kuroda awarded Japan's highest honor for his 10-year tenure.
• Kuroda spearheaded BOJ's unprecedented monetary easing to combat Japan's persistent deflation.
• Other foreign recipients include ex-US diplomat Wendy Sherman and ex-Australian FM Julie Bishop.
• Awards recognize contributions from individuals like ex-Pearl Harbor historian Daniel Martinez.
• Kuroda's legacy will shape discussions on monetary policy and economic strategies in Japan.