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Headquarters | Chūō, Tokyo, Japan |
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Coordinates | 35°41′10″N 139°46′17″E / 35.6861°N 139.7715°E |
Established | 27 June/10 October 1882 |
Ownership | At least 55% of all capital must be owned by the Government of Japan[a] |
Governor | Kazuo Ueda (9 April 2023 – present) |
Central bank of | ![]() |
Currency | Japanese yen JPY (ISO 4217) |
Reserves | US$1.12 trillion (October 2023)[1] |
Bank rate | +0.25%[2] |
Website | boj.or.jp |
The Bank of Japan (日本銀行, Nippon Ginkō, BOJ) 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]
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