Bank of Japan
Also known as Nippon Ginkō, BOJ
the central bank of Japan
Key facts
- Central bank of
- Japan
- Headquarters
- Chūō , Tokyo, Japan
- Coordinates
- 35°41′10″N 139°46′17″E / 35.6861°N 139.7715°E / 35.6861; 139.7715
- Established
- 27 June/10 October 1882
- Ownership
- At least 55% of all capital must be owned by the Government of Japan
- Governor
- Kazuo Ueda , (9 April 2023 – present)
- Currency
- Yen , JPY ( ISO 4217 )
- Reserves
- US$ 1.12 trillion, (October 2023)
- Bank rate
- 0.75%
- Website
- boj.or.jp
via Wikipedia infobox
Official website
ホーム : 日本銀行 Bank of Japan
~20 min read
Article
The Bank of Japan (日本銀行, Nippon Ginkō; BOJ) is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.
The said bank is a corporate entity independent of the Japanese government, 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.