Research Paper
FINANCE 211T MWF 5-6 P.M.
Submitted to:
Professor Andres J. Teves
Japanese Central Bank
Research Project
Maniego, Ronilyn C. BSTM-3T
Key Activities of Japan’s Central Bank,
Bank of Japan
The Bank of Japan (BOJ) is the central bank of Japan. Its primary objectives are implementing monetary policy, issuing banknotes, providing settlement services and ensuring the stability of the financial system, managing treasury and government-related securities operations, and compiling data and economic analyses.
The Bank is comprised of a policy board, bank executives, and 15 other various departments. The policy board is the highest decision-making body. Headed by the governor, currently Toshihiko Fukui, and eight deputy governors, the policy board “determines the guidelines for currency and monetary control, sets the basic principles for carrying out the bank’s operations, and oversees the fulfillment of the duties of bank executives, excluding Executive Auditors and Counselors.”
The Bank’s monetary policy is aimed at monitoring price stability and money market operations, and holding Monetary Policy Meetings (MPM) once or twice a month for one or two days. Through money market operations, the Bank alters the amount of funds in the money market, ultimately influencing interest rates in other financial markets. Monetary policy decisions must be passed through a majority vote of the nine members of the policy board during MPMs.
The Bank focuses on stability for financial systems by examining on and off-site financial institutions, acting as a lender in a time of crises, supporting private-sector initiatives, and collaborating with other foreign central banks to prevent the outbreak of international financial crises.
As per international finance, the Bank conducts operations with foreign monetary authorities and international organizations to assist with yen-denominated investments. The international department runs the Center for Monetary
Submitted to:
Professor Andres J. Teves
Japanese Central Bank
Research Project
Maniego, Ronilyn C. BSTM-3T
Key Activities of Japan’s Central Bank,
Bank of Japan
The Bank of Japan (BOJ) is the central bank of Japan. Its primary objectives are implementing monetary policy, issuing banknotes, providing settlement services and ensuring the stability of the financial system, managing treasury and government-related securities operations, and compiling data and economic analyses.
The Bank is comprised of a policy board, bank executives, and 15 other various departments. The policy board is the highest decision-making body. Headed by the governor, currently Toshihiko Fukui, and eight deputy governors, the policy board “determines the guidelines for currency and monetary control, sets the basic principles for carrying out the bank’s operations, and oversees the fulfillment of the duties of bank executives, excluding Executive Auditors and Counselors.”
The Bank’s monetary policy is aimed at monitoring price stability and money market operations, and holding Monetary Policy Meetings (MPM) once or twice a month for one or two days. Through money market operations, the Bank alters the amount of funds in the money market, ultimately influencing interest rates in other financial markets. Monetary policy decisions must be passed through a majority vote of the nine members of the policy board during MPMs.
The Bank focuses on stability for financial systems by examining on and off-site financial institutions, acting as a lender in a time of crises, supporting private-sector initiatives, and collaborating with other foreign central banks to prevent the outbreak of international financial crises.
As per international finance, the Bank conducts operations with foreign monetary authorities and international organizations to assist with yen-denominated investments. The international department runs the Center for Monetary