Citizendia
Your Ad Here

Bank of Japan
日本銀行 (Japanese)
Bank of Japan logo BOJ headquarters in Tokyo
Bank of Japan logo BOJ headquarters in Tokyo
Headquarters Tokyo, Japan
Established 1882
Governor Masaaki Shirakawa
Central Bank of Flag of Japan Japan
Currency Japanese yen
ISO 4217 Code JPY
Base borrowing rate 0. officially, is one of the 47 prefectures of Japan and located on the eastern side of the main island Honshū. For a topic outline on this subject see List of basic Japan topics. Year 1882 ( MDCCCLXXXII) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common is Governor of the Bank of Japan. His nomination to the post was approved on April 9, 2008. For a topic outline on this subject see List of basic Japan topics. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established 75%
Website www.boj.or.jp
Preceded by First National Bank

The Bank of Japan (日本銀行 Nippon Ginkō?, BOJ, JASDAQ: 8301) is the central bank of Japan. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The, abbreviated as, was one of the largest Banks in the world during the latter half of the 20th century The is a Securities exchange headquartered in Tokyo, Japan. JASDAQ is not related to NASDAQ in the United States but operates an electronic trading A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states For a topic outline on this subject see List of basic Japan topics.

Contents

History

Like most modern Japanese institutions, the Bank of Japan was born after the Meiji Restoration. The, also known as the Meiji Ishin, Revolution, or Renewal, was a chain of events that led to enormous changes in Japan 's political and social structure Prior to the Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations, but the New Currency Act of Meiji 4 (1871) did away with these and established the yen as the new decimal currency. During the Edo period, feudal domains of Japan issued Scrip called for use within the domain Year 1871 ( MDCCCLXXI) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common The former han (fiefs) became prefectures and their mints became private chartered banks which, however, initially retained the right to print money. The, or domains, were the Fiefs of Feudal Lords of Japan that were created by Toyotomi Hideyoshi and existed until their The prefectures of Japan are the country's 47 sub-national Jurisdictions one "metropolis" (都 to) Tokyo; one " circuit For a time both the central government and these so-called "national" banks issued money; to end this, the Bank of Japan was founded in Meiji 15 (1882) and given a monopoly on controlling the money supply. Year 1882 ( MDCCCLXXXII) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common In Economics, a monopoly (from Greek monos, alone or single + polein, to sell exists when a specific individual or enterprise has sufficient In Economics, money supply, or money stock, is the total amount of money available in an Economy at a particular point in time

The place of the foundation of the Bank of Japan
The place of the foundation of the Bank of Japan

The Bank of Japan issued its first banknotes on Meiji 18 (1885), and despite some small glitches -- for example, it turned out that the konnyaku powder mixed in the paper to prevent counterfeiting made the bills a delicacy for rats -- the run was largely successful. Year 1885 ( MDCCCLXXXV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common A counterfeit is an imitation that is made usually with the intent to deceptively represent its content or origins In 1897 Japan joined the gold standard and in 1899 the former "national" banknotes were formally phased out. The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set fixed quantities of Gold

The Bank of Japan has continued ever since, with the exception of a brief post-WW2 hiatus when the occupying Allies issued military currency and restructured the Bank into a more independent entity. At the end of World War II, Japan was occupied by the Allied Powers, led by the United States with contributions also from Australia, British However, despite a major 1997 rewrite of the Bank of Japan Law (日本銀行法) intended to give it more independence, the Bank of Japan has been criticized for lack of independence. A certain degree of dependence is enshrined in the Law itself, article 4 of which states:

In recognition of the fact that currency and monetary control is a component of overall economic policy, the Bank of Japan shall always maintain close contact with the government and exchange views sufficiently, so that its currency and monetary control and the basic stance of the government's economic policy shall be mutually harmonious.

Missions

The Bank of Japan Osaka Branch
The Bank of Japan Osaka Branch

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

Location

The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza) and, not coincidentally, near the famous Ginza district, whose name means "silver mint". A banknote (often known as a bill, paper money or simply a note) is a kind of Negotiable instrument, a Promissory note made by a Monetary policy is the process by which the Government, Central bank, or monetary authority of a country controls (i the Supply of Money, Settlement (of securities is the process whereby securities or interests in securities are delivered usually against payment to fulfill Contractual obligations For the US government securities see Treasury security. Also see Treasury management. A security is a Fungible, Negotiable instrument representing financial value or Nihombashi, is a business district of Chūō Tokyo, Japan which grew up around the Bridge of the same name which has linked two sides of the officially, is one of the 47 prefectures of Japan and located on the eastern side of the main island Honshū. Ginza (銀座 is a district of Chūō Tokyo, located south of Yaesu and Kyōbashi, west of Tsukiji, east of Yūrakuchō and Despite featuring a Neo-baroque building from 1896 designed by Tatsuno Kingo, the Tokyo headquarters is a bit off the tourist track, and the better-placed Osaka branch in Nakanoshima is generally regarded as the symbol of the bank. Neo-Baroque is a term used to describe artistic creations which display important aspects of Baroque style but are not from the Baroque period proper around the 17th-18th was a Japanese Architect. He studied in England until 1883 and later in Japan where he was one of the first to graduate under British architect Josiah Conder is a city in Japan, located at the mouth of the Yodo River on Osaka Bay, in the Kansai region of the main island of Honshū Nakanoshima (中之島 is a 3 km long and 50 hectares narrow sandbank in Kita-ku, Osaka city Japan, that divides the Kyū-Yodo River into the

Governors

The chief of the bank (総裁, sōsai) has considerable influence on the economic policy of the Japanese government. Japanese lawmakers endorsed the acting Bank of Japan chief as its governor April 9, 2008, Masaaki Shirakawa, ending a power vacuum at the central bank's helm by approving the government's third candidate for the job. Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans) 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common is Governor of the Bank of Japan. His nomination to the post was approved on April 9, 2008. In a House of Representatives of Japan-hearing April 8, 2008, Shirakawa said he would maintain the bank's independence and transparency. The is the Lower house of the Diet of Japan. The House of Councillors of Japan is the Upper house. Events 217 - Roman Emperor Caracalla is Assassinated (and succeeded by his Praetorian 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common [1]

List of governors

  1. Mr. Shigetoshi Yoshihara (6 Oct 1882 – 19 Dec 1887)
  2. Mr. Tetsunosuke Tomita (21 Feb 1888 – 3 Sep 1889)
  3. Mr. Koichiro Kawada (3 Sep 1889 – 7 Nov 1896)
  4. Baron Yanosuke Iwasaki (11 Nov 1896 – 20 Oct 1898)
  5. Mr. Tatsuo Yamamoto (20 Oct 1898 – 19 Oct 1903)
  6. Baron Shigeyoshi Matsuo (20 Oct 1903 – 1 Jun 1911)
  7. Mr. was a Japanese financial administrator and Political figure born in Ōita Prefecture. Korekiyo Takahashi (1 Jun 1911 – 20 Feb 1913)
  8. Viscount Yataro Mishima (28 Feb 1913 – 7 Mar 1919)
  9. Mr. ( 27 July 1854 – 26 February 1936) was a Japanese Politician and the 20th Prime Minister of Japan from Junnosuke Inoue (13 Mar 1919 – 2 Sep 1923)
  10. Mr. Otohiko Ichiki (5 Sep 1923 – 10 May 1927)
  11. Mr. Junnosuke Inoue - second term (10 May 1927 – 1 Jun 1928)
  12. Mr. Hisaakira Hijikata (12 Jun 1928 – 4 Jun 1935)
  13. Mr. Eigo Fukai (4 Jun 1935 – 9 Feb 1937)
  14. Mr. Seihin Ikeda (9 Feb 1937 – 27 Jul 1937)
  15. Mr. Toyotaro Yuki (27 Jul 1937 – 18 Mar 1944)
  16. Viscount Keizo Shibusawa (18 Mar 1944 – 9 Oct 1945)
  17. Mr. was a Japanese banker He was Governor of the Bank of Japan from 1937 to 1944 Eikichi Araki (9 Oct 1945 – 1 Jun 1946)
  18. Mr. Hisato Ichimada (1 Jun 1946 – 10 Dec 1954)
  19. Mr. Eikichi Araki - second term (11 Dec 1954 – 30 Nov 1956)
  20. Mr. Masamichi Yamagiwa (30 Nov 1956 – 17 Dec 1964)
  21. Mr. Makoto Usami (17 Dec 1964 – 16 Dec 1969)
  22. Mr. Tadashi Sasaki (17 Dec 1969 – 16 Dec 1974)
  23. Mr. Teiichiro Morinaga (17 Dec 1974 – 16 Dec 1979)
  24. Mr. Haruo Maekawa (17 Dec 1979 – 16 Dec 1984)
  25. Mr. Satoshi Sumita (17 Dec 1984 – 16 Dec 1989)
  26. Mr. Yasushi Mieno (17 Dec 1989 – 16 Dec 1994)
  27. Mr. Yasuo Matsushita (17 Dec 1994 – 20 Mar 1998)
  28. Mr. Masaru Hayami (20 Mar 1998 – 19 Mar 2003)
  29. Mr. Masaru Hayami (速水優 b March 24, 1925) is a Japanese businessman from Kobe. Toshihiko Fukui (20 Mar 2003 – 19 Mar 2008)
  30. Prof. Masaaki Shirakawa (20 Mar 2008 – )

Monetary Policy Board

As of January 2008, the board responsible for setting monetary policy consisted of the following 9 members:[2]
1. is Governor of the Bank of Japan. His nomination to the post was approved on April 9, 2008. Toshihiko Fukui, Governor of the BOJ
2. Toshirō Mutō, Deputy Governor of the BOJ
3. is the former Deputy Governor of the Bank of Japan. On March 7, 2008, the government of Japan announced that it planned to nominate him for promotion Kazumasa Iwata, Deputy Governor of the BOJ
4. Miyako Suda
5. Atsushi Mizuno
6. Kiyohiko Nishimura
7. Tadao Noda
8. Seiji Nakamura
9. is a Japanese Politician serving in the House of Representatives in the Diet (national legislature as a member of the Liberal Democratic Party Hidetoshi Kamezaki

See also

External links


The Bank of England (formally the Governor and Company of the Bank of England) is a state-owned institution and the Central bank of the United Kingdom The European Central Bank (ECB is one of the world's most important Central banks responsible for Monetary policy covering the 15 member countries of the The economy of Japan is the second largest economy in the world after the United States, at around US$4
© 2009 citizendia.org; parts available under the terms of GNU Free Documentation License, from http://en.wikipedia.org
 Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic