Bank of Japan

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Bank of Japan
日本銀行 (in Japanese)
Headquarters Chuo, Tokyo, Japan
Coordinates 35°41′10″N 139°46′17″E / 35.6861°N 139.7715°E / 35.6861; 139.7715
Established 1882
Governor Masaaki Shirakawa
Central bank of Japan
Currency Japanese yen
ISO 4217 Code JPY
Base borrowing rate 0%-0.10%
Preceded by First National Bank

The Bank of Japan (日本銀行, Nippon Ginkō, BOJ), also known as Nichigin (日銀), is the central bank of Japan.[1] The main offices of the bank are in Chuo, Tokyo.[2]

History[change | change source]

Matsukata Masayoshi founded the Bank of Japan in 1882 (Meiji 15).[3] The bank was adapted from a Belgian banking model.[4]

Changes based on other national banks were made part of bank regulations.[5] BOJ was given a monopoly on controlling Japan's money supply in 1884.[6]

The Bank of Japan issued its banknotes in 1885 (Meiji 18). In 1897, Japan joined the gold standard.[7]

Location[change | change source]

The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza). It is near the Tokyo's Ginza district[8] The Neo-baroque Bank of Japan building in Tokyo was designed by Tatsuno Kingo in 1896.

Related pages[change | change source]

Notes[change | change source]

  1. Nussbaum, Louis-Frédéric. (2002). "Nihon Ginkō" in Japan encyclopedia, p. 708.
  2. Bank of Japan (BOJ), Location. Retrieved 2011-12-8.
  3. Roberts, George E. (1900). Annual report of the Director of the Mint (US), p. 393.
  4. Vande Walle, Willy et al. "Institutions and ideologies: the modernization of monetary, legal and law enforcement 'regimes' in Japan in the early Meiji-period (1868-1889)" (abstract). FRIS/Katholieke Universiteit Leuven, 2007. Retrieved 2012-10-17.
  5. Longford, Joseph Henry. (1912). Japan of the Japanese, p. 289.
  6. Cargill, Thomas et al. (1997). The political economy of Japanese monetary policy, p. 10.
  7. Nussbaum, "Banks" at p. 70.
  8. The name of Tokyo's Ginza district means "silver mint".

More reading[change | change source]

  • Werner, Richard A. (2003). Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy. Armonk, New York: M.E. Sharpe. ISBN 9780765610485; OCLC 471605161

Other websites[change | change source]

Media related to Bank of Japan at Wikimedia Commons