Toshiyuki Miyoshi

Vice Commissioner for International Affairs
Financial Services Agency, Japan

Miyoshi Toshiyuki was appointed Vice Commissioner for International Affairs of the Financial Services Agency (FSA), Japan’s financial regulatory body, on 4 July 2023. He currently heads the FSA’s international affairs group and represents the FSA at working-level meetings of the G20 and G7. He is also the FSA’s alternate member of the Standing Committee on Supervisory and Regulatory Cooperation (SRC) of the Financial Stability Board (FSB).

Prior to the current position, Mr. Miyoshi was Deputy Director-General of the Supervision Bureau from June 2022 to July 2023 and worked on supervision of Japan’s major banks and insurance companies, and branches and subsidiaries of foreign banks and insurance companies in Japan. He was Deputy Commissioner for International Affairs from July 2020 to June 2022 and supported the then Commissioner (head) of the FSA, who chaired SRC, in the FSB’s discussions on its holistic review of the market turmoil in March 2020 and its work on NBFI (non-bank financial intermediation).

Before moving to the FSA, Mr. Miyoshi was division director at Japan’s Ministry of Finance (MOF) from July 2014 to July 2020. He played a central role in developing the G20 Principles for Quality Infrastructure Investment and the debt sustainability agenda under Japan’s G20 Presidency in 2019. From June 2016 to July 2018, Mr. Miyoshi was responsible for organising the MOF’s work on G20, G7 and IMF issues. From July 2014 to June 2016 he was division director at the MOF’s Financial (Treasury) Bureau responsible for developing debt management policy and auctioning Japanese government bonds. Mr. Miyoshi was also member of the steering group of the OECD’s Working Party on Public Debt Management from 2016 to 2018.

From 2010 to 2014, Mr. Miyoshi was senior economist at the IMF’s Strategy, Policy, and Review Department. He led a staff team for a Board paper on “Stocktaking the Fund’s Engagement with Regional Financing Arrangements” (2013), which provided a landscape of regional financing arrangements (RFAs) and put forward broad options on how to enhance cooperation between the IMF and RFAs.

From 2009 to 2010, Mr. Miyoshi headed an office for developing policies for cross-sectional prudential issues at the FSA. From 2007 to 2009, Mr. Miyoshi headed the office for public relations and also advised the then Commissioner of the FSA at international meetings in the midst of the global financial crisis. He also represented the FSA at the Basel Committee on Banking Supervision from 2006 to 2007.

From 2002 to 2006, Mr. Miyoshi was senior advisor to the Executive Director for Japan at the IMF.

A Japanese national, Mr. Miyoshi got Bachelor’s degree in public law at the University of Tokyo and Master of Philosophy in Politics at the University of Oxford.