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Encyclopedia > Bank of Japan
The Bank of Japan has its headquarters in this building in Tokyo.
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The Bank of Japan has its headquarters in this building in Tokyo.
The Bank of Japan Osaka Branch
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The Bank of Japan Osaka Branch

The Bank of Japan (日本銀行 Nippon Ginkō) is the central bank of Japan. Download high resolution version (1000x758, 257 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (1000x758, 257 KB) Wikipedia does not have an article with this exact name. ... Image File history File linksMetadata Download high resolution version (1600x1200, 791 KB) Summary 日本銀行大阪支店（2006å¹´1月 MASA撮影） Nippon-Bank Osaka Branch photography day, January, 2006 photography person MASA Licensing File links The following pages link to this file: Bank of Japan Metadata This file contains additional information, probably added from the... Image File history File linksMetadata Download high resolution version (1600x1200, 791 KB) Summary 日本銀行大阪支店（2006å¹´1月 MASA撮影） Nippon-Bank Osaka Branch photography day, January, 2006 photography person MASA Licensing File links The following pages link to this file: Bank of Japan Metadata This file contains additional information, probably added from the...

Contents


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 (Japanese: 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 (MDCCCLXXI) was a common year starting on Sunday (see link for calendar). ... Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... The Han ) were the fiefs of feudal clans of Japan that were created by Toyotomi Hideyoshi and existed until their abolition in 1871, three years after the Meiji Restoration. ... The prefectures of Japan are the countrys 47 sub-national jurisdictions: one metropolis (都 to), Tokyo; one circuit (道 dō), Hokkaidō; two urban prefectures (府 fu), Osaka and Kyoto; and 43 other prefectures (県 ken). ... 1882 (MDCCCLXXXII) was a common year starting on Sunday (see link for calendar). ... It has been suggested that coercive monopoly be merged into this article or section. ... The examples and perspective in this article or section may not represent a worldwide view. ...


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 phased out. 1885 (MDCCCLXXXV) 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. ... This article is on the monetary principle. ...


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. 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 government or central bank process of managing money supply to achieve specific goals—such as constraining inflation, maintaining an exchange rate, achieving full employment or economic growth. ... Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades. ... The term treasury was first used in classical times to describe the votive buildings erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or the many buildings put up in Olympia, Greece by competing city-states, to impress each other during the Ancient Olympic Games. ... Security is a type of transferable interest 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 ) , literally eastern capital, is one of the 47 prefectures of Japan and includes the highly urbanized central area formerly known as the city of Tokyo which is the heart of the Greater Tokyo Area. ... The Ginza area of Tokyo, Japan The Wako department store occupies a busy corner in Ginza Ginza (銀座) is a place in Chūō Ward, Tokyo named after the silver coin foundry or Ginza established here in 1612 (Edo period). ... The foyer of the Paris Opera, built by Charles Garnier 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. ... Osaka City Hall Mayor Junichi Seki Address 〒530-8201 Osaka-shi,Kita-ku Nakanoshima 1-3-20 Phone number 06-6208-8181 Official website: Osaka City , Osaka ) is the capital of Osaka Prefecture and the third-largest city in Japan, with a population of 2. ...


Governors

The chief of the bank (総裁, sōsai) has considerable influence on the economic policy of the Japanese government. Toshihiko Fukui replaced Masaru Hayami as the governor of the Bank of Japan since March 2003. Toshihiko Fukui Toshihiko Fukui (福井俊彦 Fukui Toshihiko, b. ... Masaru Hayami (速水優, b. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...


Former 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. Korekiyo Takahashi (1 Jun 1911 – 20 Feb 1913)
  8. Viscount Yataro Mishima (28 Feb 1913 – 7 Mar 1919)
  9. Mr. 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. 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 Mayekawa (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. Toshihiko Fukui (20 Mar 2003 – present)

Takahashi Korekiyo (高橋是清 Takahashi Korekiyo) (July 27, 1854–February 26, 1936) was a Japanese politician and the 20th Prime Minister of Japan from November 13, 1921 to June 12, 1922. ... Statue of Toyotaro Yuki at the Toyotaro Yuki museum in Akayu, Nanyo City. ... Masaru Hayami (速水優, b. ... Toshihiko Fukui Toshihiko Fukui (福井俊彦 Fukui Toshihiko, b. ...

See also

This is an article about the Japanese currency. ... The Bank of England is the central bank of the United Kingdom, sometimes known as The Old Lady of Threadneedle Street or The Old Lady. The nearest London Underground station is Bank station. ... The ECB building in Frankfurt The European Central Bank (ECB) (French: Banque Centrale Européenne, German: Europäische Zentralbank, Greek: Ευρωπαϊκή Κεντρική Τράπεζα) is one of the worlds largest central banks, being in charge of monetary policy for the European Unions official currency, the euro, which is used by over 300... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... Japans industrialized, free-market economy is the worlds third-largest by purchasing power parity (PPP) after the United States and China, and second-largest by market exchange rates. ...

External link

  • (Japanese) (English) Bank of Japan

 

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