Yokohama Specie Bank
On Tomita’s return to Japan in 1881, he was recruited by the Ministry of Finance for his wide-ranging knowledge of world economics, and was appointed the first Vice-Governor of the new Bank of Japan in 1882. After the sudden death of Yoshihara Shigetoshi, the 1st Governor of the Bank of Japan in 1887, Tomita was promoted on February 21, 1888 to take his position. During his tenure, he attempted to establish a central discount rate and stabilize foreign exchange, which he saw as core roles of a central bank. However, in these actions he was opposed by the Yokohama Specie Bank and by Finance Minister Matsukata Masayoshi. Resisting orders by Matsukata to change BOJ policies, he was relieved of his position on September 3, 1889 after 19 months as head of the bank.