Bank of Japan

Bank of Japan
日本銀行 (in Japanese)
Headquarters in Chūō, Tokyo
Headquarters in Chūō, Tokyo
HeadquartersChūō, Tokyo, Japan
Coordinates35°41′10″N 139°46′17″E / 35.6861°N 139.7715°E / 35.6861; 139.7715
Established27 June/10 October 1882
OwnershipAt least 55% of all capital must be owned by the Government of Japan[a]
GovernorKazuo Ueda
(9 April 2023 – present)
Central bank of Japan
CurrencyJapanese yen
JPY (ISO 4217)
ReservesUS$1.12 trillion
(October 2023)[2]
Bank rate+0.25%[3]
Websiteboj.or.jp

The Bank of Japan (日本銀行, Nippon Ginkō, BOJ) is the central bank of Japan.[4] The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.[5]

The bank is a corporate entity independent of the Japanese government,[1] and while it is not an administrative organisation of the state, its monetary policy falls within the scope of administration. From a macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality.[6]

  1. ^ a b "Outline of the Bank : 日本銀行 Bank of Japan". Bank of Japan. Retrieved 18 February 2024.
  2. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek. Archived from the original on 28 May 2020. Retrieved 14 May 2020.
  3. ^ da Silva, João (31 July 2024). "Japan hikes interest rates for second time since 2007". BBC. Retrieved 31 July 2024.
  4. ^ Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in Japan encyclopedia, p. 708., p. 708, at Google Books
  5. ^ "Guide Map to the Bank of Japan Tokyo Head Office. Archived 2009-06-04 at the Wayback Machine". Bank of Japan. Retrieved 22 December 2009.
  6. ^ "金融制度調査会". www.fsa.go.jp. Retrieved 18 February 2024.


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