Bank of Japan
The Bank of Japan (日本銀行, Nippon Ginkō, BOJ, JASDAQ: 8301) is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.
Headquarters in Chūō, Tokyo | |
| Headquarters | Chūō, Tokyo, Japan |
|---|---|
| Coordinates | 35.6861°N 139.7715°E |
| Established | 27 June/10 October 1882 |
| Governor | Kazuo Ueda (9 April 2023 – present) |
| Central bank of | Japan |
| Currency | Japanese yen JPY (ISO 4217) |
| Reserves | US$ 1.12 trillion (October 2023) |
| Bank rate | +0.10% |
| Website | boj.or.jp |
The 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.
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