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Barclays today announced that Naohiko Baba has joined Barclays Securities Japan Limited and been appointed to the position of Managing Director, Chief Japan Economist and Head of Japan Research, effective 1 January 2024.

He will be reporting to Christian Keller, Head of Economics Research.

In this role, Mr. Baba will lead Barclays’ macroeconomic research for Japan as the company continues to focus on its economic research capabilities both locally and globally. With over 30 years’ industry experience, he brings a wealth of expertise and insightful thought leadership on Japan’s economy, especially its monetary policy.

Mr. Baba joins Barclays from Goldman Sachs, where he was Chief Japan Economist for the last 13 years. Prior to that, he worked at the Bank of Japan (BOJ), where he led various divisions including the Financial System Research Division and the Money Markets and Fixed Income Division. He was also a senior economist of global financial markets at the Bank for International Settlement (BIS) in Switzerland.

“This appointment underpins our commitment to attract and invest in the best talent,” commented Christian Keller. “We are confident that our clients locally and globally will benefit from his deep knowledge and expertise of the Japanese economy.”


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