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Bank of Japan

 

Bank of Japan Logo

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 has its head office in Chuo-ku, Tokyo. Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Since the introduction of the new law, the Bank of Japan has persistently rebuffed government requests to stimulate the economy. It is a juridical person established based on the Bank of Japan Act and is not a government agency or a private corporation.

The Bank of Japan, within the competences defined by the Act, is independent of any other power for the accomplishment of its main objective and in exercising the tasks assigned. The Act also stipulates the Bank's principle of currency and monetary control as follows: 'currency and monetary control by the Bank of Japan shall be aimed at achieving price stability, thereby contributing to the sound development of the national economy.'


The Policy Board is established as the Bank's highest decision-making body. The Board determines the guideline for currency and monetary control, sets the basic principles for carrying out the Bank's operations, and oversees the fulfillment of the duties of Bank officers, excluding Auditors and Counselors.

According to its charter, the missions of the Bank of Japan are:

 ♦ Issuance and management of banknotes;
 ♦ Implementation of monetary policy;
 ♦ Providing settlement services and ensuring the stability of the financial system;
 ♦ Treasury and government securities-related operations;
 ♦ International activities; and
 ♦ Compilation of data, economic analyses and research activities.

The Bank has 32 branches and 14 local offices in Japan, and 7 overseas representative offices.
 

Bank of Japan HQ Location Map

Bank of Japan
HQ Address: 2-1-1
Nihonbashi-Hongokucho
Chuo-ku
Tokyo 103-8660
Japan
Telephone: +81 3 3279 1111
Swift Code: BOJPJPJT
Website: www.boj.or.jp
Currency: Yen
Banking Hours:
Monday - Friday : 9.00am - 3.00pm

 

 

 


In Japan, the Financial Services Agency (金融庁, Kin'yūchō) serves as a regulatory authority and overseeing banking services in order to ensure the stability of the financial system of Japan. Banks are corporations that have been established in accordance with the Companies Act and have obtained a license to conduct banking business in accordance with the Banking Act. The Banking Act empowers the Commissioner of the FSA to demand reports and materials concerning the business or financial conditions of a bank (including its agencies), to conduct on-site inspections at bank premises, to penalize misconduct (suspension of a bank's operations or revocation of its license) and to order a bank to hold a part of its assets within Japan.
 

 
On the other hand, the Bank of Japan (BOJ) is not a regulatory authority per se under the Banking Act, but it conducts on-site examinations in order to maintain a safe and sound financial system. These examinations are based on bilateral agreements between the BOJ and financial institutions that have current accounts with it under the Bank of Japan Act. In practice, this includes all city banks, regional banks, regional banks II and trust banks as well as foreign banks in Japan.
 
List of Financial Institutions governed by the Bank of Japan
Governmental Financial Institutions
» Development Bank of Japan (DBJ) » Japan Bank for International Cooperation (JBIC) » Shoko Chukin Bank
» Japan Finance Corporation (JFC) » Okinawa Development Finance Corporation » Japan Housing Finance Agency
» Japan Post Bank » Japan Finance Organization for Municipalities
City Banks (5)
» Mizuho Bank » Mizuho Corporate Bank » Sumitomo Mitsui Banking Corporation
» The Bank of Tokyo-Mitsubishi UFJ » Resona Bank
Trust Banks (18)
» Aozora Trust Bank » The Sumitomo Trust & Banking Co » The Master Trust Bank of Japan
» ORIX Trust and Banking Corporation » Societe General Private Banking (Japan) Ltd » The Bank of New York Mellon Trust Japan
» Trust & Custody Services Bank » The Chuo Mitsui Trust and Banking Company » The Norinchukin Trust & Bankig Co
» Shinkin Trust Bank » Chuo Mitsui Asset Trust and Banking Company » The Nomura Trust and Banking Co
» Shinsei Trust & Banking Co » JSF Trust and Banking Co » Mizuho Trust & Banking Co
» State Street Trust & Banking Co » Japan Trustee Services Bank » Mitsubishi UFJ Trust and Banking Corporation
Other Banks (15)
» Aozora Bank » AEON Bank » Jibun Bank Corporation
» Shinsei Bank » The Second Bridge Bank of Japan » SBJ Bank
» Seven Bank » Incubator Bank of Japan » Daiwa Next Bank
» Rakuten Bank » Citibank Japan Ltd » The Resolution and Collection Corporation
» ShinGinko Tokyo » Sony Bank Incorporated » SBI Sumishin Net Bank
Foreign Banks (57)
» Australia and New Zealand Banking Group » DBS Bank » Philippine National Bank
» Banco Bilbao Vizcaya Argentaria » Depfa Bank » Bank Negara Indonesia
» Banco do Brasil S.A » ING Bank » Rabobank Nederland
» Bangkok Bank » Itaú Unibanco » Royal Bank of Canada
» Bank of America » WestLB AG » Standard Chartered Bank
» Bank of Communications » Korea Exchange Bank » State Bank of India
» Bank of India » Lloyds TSB Bank plc » The Bank of Nova Scotia
» China Construction Bank » Metropolitan Bank and Trust Company » UniCredit
» Chinatrust Commercial Bank » National Australia Bank » Union de Banques Arabes et Françaises
» Commerzbank AG » National Bank of Pakistan » United Overseas Bank
» Commonwealth Bank of Australia » Oversea-Chinese Banking Corporation » Wells Fargo Bank N.A

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