Kiyohiko G. Nishimura is Dean of the Graduate School of Economics and Chairman of the Faculty of Economics at the University of Tokyo. He was previously Deputy Governor of the Bank of Japan for five years until March 2013. He received his BA (1975) and MA (1977) from the University of Tokyo, and PhD (1982) from Yale University. He was an Arthur M. Okun Research Fellow (1981-1982) at the Brookings Institute in Washington DC, before joining the Faculty of Economics at the University of Tokyo in 1983, where he was an Associate Professor (1983-1994) and a Professor (1994-2005). He was jointly appointed as Executive Research Fellow of the Economic and Social Research Institute of the Cab net Office of the Government of Japan between 2003 and 2005, before joining the Bank of Japan as a Member of the Policy Board (2005-2008), and then as Deputy Governor (2008-2013).