The Bank of Japan has its headquarters in this building in Tokyo. The Bank of Japan (日本銀行 Nippon Ginkō) is the central bank of Japan.
History
Like most modern Japanese institutions, the Bank of Japan was born after the Meiji Restoration. 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. The former han (fiefs) became prefectures and their mints became private chartered banks which, however, initially retained the right to print money. 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. The Meiji Restoration (明治維新; Meiji Ishin), also known as the Meiji Ishin, Revolution or Renewal, was a chain of events that led to a change in Japans political and social structure. ...
1871 was a common year starting on Sunday (see link for calendar). ...
A 1,000 yen note, featuring the portrait of Natsume Soseki. ...
The Han (藩) were the fiefs of feudal clans of Japan that existed during all the Edo period and for a few years after the Meiji Restoration. ...
Map of the prefectures of Japan in ISO 3166-2:JP order. ...
1882 was a common year starting on Sunday (see link for calendar). ...
In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. ...
Money supply (monetary aggregates, money stock), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. ...
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. In 1897 Japan joined the gold standard and in 1899 the former "national" banknotes were formally obsoleted. 1885 is a common year starting on Thursday. ...
Binomial name Amorphophallus konjac K. Koch, 1858 Konnyaku Konnyaku (蒟蒻), also known as Konjak, Devils tongue, Voodoo lily or Snake palm, is a tubiferous plant grown in Japan used to create a flour of the same name. ...
A counterfeit is an imitation that is made with the intent to deceptively represent its content or origins. ...
1922 U.S. gold certificate The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. ...
The Bank of Japan has kept on running ever since, except a brief post-WW2 hiatus when the occupying Allies issued military currency and restructured the Bank into a more independent entity. 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: History of Japan Paleolithic Jomon Yayoi Yamato period ---Kofun period ---Asuka period Nara period Heian period Kamakura period Muromachi period Azuchi-Momoyama period ---Nanban period Edo period Meiji period Taisho period Showa period ---Japanese expansionism ---Occupied Japan ---Post-Occupation Japan Heisei The Surrender of Japan Japan surrendered to the Allies...
- 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 According to its charter, the missions of the Bank of Japan are: - Issuance and Management of Banknotes
- Implementation of Monetary Policy
- Providing Settlement Services and Ensuring the Stability of the Financial System
- Treasury and Government Securities-Related Operations
- International Activities
- Compilation of Data, Economic Analyses and Research Activities
A £20 Ulster Bank banknote. ...
Monetary policy is the process of managing a nations money supply to achieve specific goals—such as constraining inflation, achieving full employment or more well-being. ...
A reference to colonization, or the resulting communities. ...
For the U.S. government securities, see Treasury security A treasury is the part of a government which manages all money and revenue. ...
Securities are tradeable interests representing financial value. ...
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". 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. Nihombashi (the bridge) Marker from which distances are measured Nihombashi (or Nihonbashi, 日本橋, lit. ...
Tokyo (東京; Tōkyō listen, literally eastern capital), is located in the Kanto region on the island of Honshu in Japan. ...
For the Light Rail Stop in Hong Kong, see Ginza (KCRC). ...
Osaka Castle, Ōsaka-jō Umeda district of Osaka Location in Japan Osaka City listen? (大阪市; Ōsaka-shi) is the third-largest city in Japan, with a population of 2. ...
Governors The chief of the bank (総裁, sosai) has considerable influence on the economic policy of the Japanese government. Toshihiko Fukui replaced Hayami Masaru as the governor of the Bank of Japan since March 2003. Toshihiko Fukui (福井俊彦 Fukui Toshihiko, b. ...
2003 is a common year starting on Wednesday of the Gregorian calendar. ...
Former governors - Yasuo Matsushita (around 1997)
See also Japans industrialized, free-market economy is the third largest in the world after the United States and China in terms of international purchasing power parity, and nominally the second largest after USA. Its economy is highly efficient and competitive in areas linked to international trade, but productivity is lower...
External link - Bank of Japan (http://www.boj.or.jp/en/)
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