Bank of Japan

Abstract

"The Bank of Japan is the central bank of Japan. It is a juridical person established based on the Bank of Japan Act (hereafter the Act), and is not a government agency or a private corporation. The Act sets the Bank's objectives ""to issue banknotes and to carry out currency and monetary control"" and ""to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of stability of the financial system."" The Act also stipulates the Bank's principle of currency and monetary control as follows: ""currency and monetary control by the Bank of Japan shall be aimed at achieving price stability, thereby contributing to the sound development of the national economy."""