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
GovernorKazuo Ueda
(9 April 2023 – present)
Central bank of Japan
CurrencyJapanese yen
JPY (ISO 4217)
ReservesUS$ 1.12 trillion (October 2023)[1]
Bank rate+0.10%[2]
Websiteboj.or.jp

The Bank of Japan (日本銀行, Nippon Ginkō, BOJ, JASDAQ8301) is the central bank of Japan.[3] The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.[4]

The bank is a corporate entity independent of the Japanese government,[5] 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. ^ 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.
  2. ^ "Home : 日本銀行 BBC". BBC. Retrieved 19 March 2024.
  3. ^ Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in Japan encyclopedia, p. 708., p. 708, at Google Books
  4. ^ "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.
  5. ^ "Outline of the Bank : 日本銀行 Bank of Japan". Bank of Japan. Retrieved 18 February 2024.
  6. ^ "金融制度調査会". www.fsa.go.jp. Retrieved 18 February 2024.

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