Bank of Japan (BoJ)


BOJ maintains status-quo, raises inflation outlook

LATEST BOJ MEASURES TO BATTLE INFLATION

BOJ's Tamura calls for review of monetary framework – Asahi

Early Friday morning in Asia, Japanese media Asahi quotes Bank of Japan Board Member Naoki Tamura as saying, “The Bank of Japan should conduct a review of its monetary policy framework and the feasibility of its 2% inflation target.” The policymaker also added, “Whether the BOJ needs to tweak its (ultra-easy) monetary policy will depend on the outcome of the review."

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October BOJ meeting review

BOJ steers policy on a steady course, lifts USD/JPY

The Bank of Japan (BOJ) board members decided on Friday to leave their monetary policy settings unadjusted at yet another meeting, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%. Summary of the statement: "BOJ makes decision on YCC by unanimous vote."


September BOJ meeting review

USD/JPY jumps as BOJ keeps policy settings steady

The Bank of Japan (BOJ) board members decided on Thursday to make no changes to its monetary policy settings, holding rates at - 10bps while maintaining 10yr JGB yield target at 0.00%. The announcement comes after the central bank concluded its two-day policy review meeting.

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Big Picture

What is the BOJ?

The Bank of Japan (BoJ) 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.

POLICY BOARD. The Policy Board is established as the Bank's highest decision-making body. The Board determines the guideline for currency and monetary control, sets the basic principles for carrying out the Bank's operations, and oversees the fulfillment of the duties of the Bank's officers, excluding Auditors and Counsellors.

HISTORY. The Bank of Japan was established under the Bank of Japan Act (promulgated in June 1882) and began operating on October 10, 1882, as the nation's central bank. The Bank was reorganized on May 1, 1942 in conformity with the Bank of Japan Act (hereafter the Act of 1942), promulgated in February 1942. The Act of 1942 strongly reflected the wartime situation: for example, Article 1 stated the objectives of the Bank as "the regulation of the currency, control and facilitation of credit and finance, and the maintenance and fostering of the credit system, pursuant to national policy, in order that the general economic activities of the nation might adequately be enhanced." The Act of 1942 was amended several times after World War II. Such amendments included the establishment of the Policy Board as the Bank's highest decision-making body in June 1949. The Act of 1942 was revised completely in June 1997 under the two principles of "independence" and "transparency." The revised act (the Act) came into effect on April 1, 1998.

Who is BOJ's president?

Haruhiko Kuroda was born in Omuta, in 1944. He is the 31st and current Governor of the Bank of Japan (BOJ). He was formerly the President of the Asian Development Bank from 1 February 2005 to 18 March 2013.

Kuroda has been an advocate of looser monetary policy in Japan.[3] His February 2013 nomination by the incoming government of the Prime Minister Shinzō Abe had been expected. Also nominated at the same time were Kikuo Iwata – "a harsh critic of past BOJ policies" – and Hiroshi Nakaso, a senior BOJ official in charge of international affairs, as Kuroda's two deputies. The former governor, Masaaki Shirakawa, left in March 2013

Haruhiko Kuroda 

Kuroda

Kuroda on his Wikipedia's profile



Interest rates latest news

the world interest rates table

The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.