He graduated from School of Politics and Economics at Tokyo Imperial University in 1884, and continued his studies at Cambridge University and University of Heidelberg.
He and his father went to Tokyo (1870) and struggled with adversity. He became an official of the Finance Ministry's Tax Bureau. Accompanied Naganari Kuroda, former lord of his clan, to England and studied there.
After returning home,he rose to the post of Finance Vice-Minister and contributed to the legislation of the various laws concerning banking and the adoption of the gold standard for Japanese currency.
Resigned from the government service (1898) and became the first president of the Taiwan (Formosa) Bank (1899) and then Governor of the Bank of Japan. Endeavored hard to induce foreign capital investments in Japan.
He was appointed president of the Railway Board (1915) and then president of the Hochi Shimbun (newspaper). Nominated a member of the House of Peers (1925).