Bank of Japan
Central Bank of Japan / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Bank of Japan?
Summarize this article for a 10 year old
The Bank of Japan (日本銀行, Nippon Ginkō, BOJ, JASDAQ: 8301) 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]
Headquarters | Chūō, Tokyo, Japan |
---|---|
Coordinates | 35.6861°N 139.7715°E / 35.6861; 139.7715 |
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)[1] |
Bank rate | +0.10%[2] |
Website | boj.or.jp |
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]