was a Japanese

Japanese people

The are an ethnic group originating in the Japanese archipelago and are the predominant ethnic group of Japan. Worldwide, approximately 130 million people are of Japanese descent; of these, approximately 127 million are residents of Japan. People of Japanese ancestry who live in other countries...

 businessman, central banker and the 4th Governor of the Bank of Japan

Bank of Japan

is the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...

 (BOJ). He was created a Baron in 1900; and he was a member of Japan's House of Peers

House of Peers (Japan)

The ' was the upper house of the Imperial Diet as mandated under the Constitution of the Empire of Japan ....

.

Early life

Iwasaki was born in Kochi Prefecture

Kochi Prefecture

is a prefecture of Japan located on the south coast of Shikoku. The capital is the city of Kōchi.- History :Prior to the Meiji Restoration, Kōchi was known as Tosa Province and was controlled by the Chosokabe clan in the Sengoku period and the Yamauchi family during the Edo period.- Geography...

. He was the brother of Iwasaki Yatarō, the founder of Mitsubishi.

He was educated at the Tokyo Imperial University

University of Tokyo

, abbreviated as , is a major research university located in Tokyo, Japan. The University has 10 faculties with a total of around 30,000 students, 2,100 of whom are foreign. Its five campuses are in Hongō, Komaba, Kashiwa, Shirokane and Nakano. It is considered to be the most prestigious university...

 and at the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

 in Phlladelphia.

Career

In 1885, Iwasaki became the second president of Mitsubishi

Mitsubishi

The Mitsubishi Group , Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese multinational conglomerate company that consists of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy...

.

Iwasaki was Governor of the Bank of Japan from from November 11, 1896—October 20, 1898.

In 1890, he was responsible for Mitsubishi's purchase of the land in most of the central business district in Tokyo when it was still covered with grass and bamboo.

Legacy

Iwasaki's son Koyata would become Mitsubishi's 4th president; and his second son Toshiya would become found his own company, Asahi Glass.