Bank of Japan
The central bank of Japan. Its decision to raise interest rates by 15-25 basis points for the first time since 1999 triggered the unraveling of the Yen carry trade and caused global market instability, before it capitulated and backed off.
entitydetail.created_at
8/26/2025, 6:14:04 AM
entitydetail.last_updated
8/26/2025, 6:15:24 AM
entitydetail.research_retrieved
8/26/2025, 6:15:24 AM
Summary
The Bank of Japan (BOJ), often called Nichigin, is Japan's central bank, headquartered in Chūō, Tokyo. Recently, the BOJ's attempt to slightly increase interest rates to combat inflation triggered a significant market shock by unraveling the Yen Carry Trade. This event highlighted the fragility of the global financial system, exacerbated by hedge funds employing computer trading algorithms and high leverage, raising concerns about potential margin calls and forced liquidations. Japan's economic situation is further complicated by its high debt-to-GDP ratio and an aging population.
Referenced in 1 Document
Research Data
Extracted Attributes
Type
Central bank
Currency
Yen (JPY)
Governor
Kazuo Ueda
Short Name
BOJ, Nichigin
Established
1882-10-10
Headquarters
Nihonbashi, Chūō, Tokyo, Japan
Official Name
Bank of Japan
Current Capital
100 million yen
Initial Capital
10 million yen
Primary Objective
Maintaining price stability
Governor Term Start
2023-04-09
Ownership Structure
At least 55% owned by the Government of Japan
Secondary Objectives
Regulation of the currency, control and facilitation of credit and finance
Timeline
- The Bank of Japan Act was promulgated, establishing the bank with an initial capital of 10 million yen and a 30-year operating license. (Source: web_search_results)
1882-06
- Began business operations as Japan's central bank. (Source: web_search_results)
1882-10-10
- Capital increased from 10 million yen to 20 million yen. (Source: web_search_results)
1887-03
- Capital increased from 20 million yen to 30 million yen. (Source: web_search_results)
1895-08
- The Head Office moved to its present location in Chūō, Tokyo. The neo-baroque building was designed by Tatsuno Kingo and built under the direction of Shibusawa Eiichi. (Source: web_search_results)
1896-04
- The bank's operating license was extended for 30 more years from October 10, 1912, and its capital was increased to 60 million yen. (Source: web_search_results)
1910-02
- The Bank of Japan Act of 1942 was promulgated, reflecting the wartime situation and setting the bank's capital at 100 million yen. (Source: web_search_results)
1942-02
- The Bank of Japan was reorganized under the Bank of Japan Act of 1942. (Source: web_search_results)
1942-05-01
- The Policy Board was established. (Source: web_search_results)
1949-06
- The Bank of Japan Act of 1997 was promulgated, maintaining the bank's capital at 100 million yen. (Source: web_search_results)
1997-06
- Kazuo Ueda became the Governor of the Bank of Japan. (Source: web_search_results)
2023-04-09
- Attempted a slight interest rate increase to combat inflation, which triggered the unraveling of the Yen Carry Trade and highlighted global financial system fragility. (Source: related_documents)
Recent, unspecified date
Web Search Results
- Bank of Japan - Wikipedia
Headquarters in Chūō, Tokyo The Bank of Japan (日本銀行, Nippon Ginkō, BOJ) is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo. [...] The Bank of Japan is headquartered in Nihonbashi, Chūō, Tokyo, on the site of a former gold mint (the Kinza) and, not coincidentally, near the famous Ginza district, whose name means "silver mint". The neo-baroque Bank of Japan building in Tokyo was designed by Tatsuno Kingo in 1896 and built under the direction of entrepreneur Shibusawa Eiichi.: 8 Tatsuno also designed the Bank of Japan's branch on Nakanoshima Island in Osaka, which was completed in 1903 (and expanded in 1982). Tatsuno had [...] | | | | --- | --- | | | | | Headquarters in Chūō, Tokyo Headquarters in Chūō, Tokyo | | | Headquarters | Chūō, Tokyo, Japan | | Coordinates | 35°41′10″N 139°46′17″E / 35.6861°N 139.7715°E / 35.6861; 139.7715 | | Established | 27 June/10 October 1882 | | Ownership | At least 55% of all capital must be owned by the Government of Japan | | Governor | Kazuo Ueda (9 April 2023 – present) | | Central bank of | Japan | | Currency | Yen JPY (ISO 4217) |
- Outline of the Bank : 日本銀行 Bank of Japan
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, [...] Skip to main content # Outline of the Bank 日本語 Objectives Organization Capital History References 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. ## Objectives [...] The Bank's business operations to achieve the above objectives are described in About the Bank, Monetary Policy, Financial System, Payments and Markets, Banknotes, The Bank's Treasury Funds and JGS Services, International Finance, Research and Studies and Statistics. The Bank has also decided and made public its organizational principles, which constitute the set of fundamental values to be respected by the Bank, as the central bank of Japan. The officers and employees of the Bank must respect
- Outline of Monetary Policy : 日本銀行 Bank of Japan
The Bank of Japan, as the central bank of Japan, decides and implements monetary policy with the aim of maintaining price 1 stability. Price stability is important because it provides the foundation for the nation's economic activity. In implementing monetary policy, the Bank influences the formation of interest rates for the purpose of currency and monetary control, by means of its operational instruments, such as money market operations. [...] 2-1-1 Nihonbashi-Hongokucho,Chuo-ku,Tokyo (location) Tel:+81-3-3279-1111 Other LinksInstitute for Monetary and Economic Studies About the Site E-mail Service Help Contact Links Site Map Copyright Bank of Japan All Rights Reserved.Image 36: Page top [...] The Bank supplies funds to financial institutions by, for example, extending loans to them, which are backed by collateral submitted to the Bank by these institutions. Such an operation is called a funds-supplying operation. The opposite type of operation, in which the Bank absorbs funds by for example issuing and selling bills, is called a funds-absorbing operation. For details on the Bank's current guideline for money market operations, please see Statements on Monetary Policy.
- Monetary Policy : 日本銀行 Bank of Japan
2-1-1 Nihonbashi-Hongokucho,Chuo-ku,Tokyo (location) Tel:+81-3-3279-1111 Services Exchange of Damaged Cash Organization Organization of the Bank Head Office, Branches, and Overseas Offices Image 35: 日本銀行 Bank of Japan 2-1-1 Nihonbashi-Hongokucho,Chuo-ku,Tokyo (location) Tel:+81-3-3279-1111 Other LinksInstitute for Monetary and Economic Studies About the Site E-mail Service Help Contact Links Site Map
- History : 日本銀行 Bank of Japan
1910 Feb.The Bank is given a license to operate for 30 more years from October 10, 1912, and an increase in the Bank's capital is announced from 30 million yen to 60 million yen. 1942 Feb.The Bank of Japan Act of 1942 is promulgated; the Bank is to have capital of 100 million yen. May 1 The Bank is reorganized under the Bank of Japan Act of 1942. 1949 June The Policy Board is established. 1997 June The Bank of Japan Act of 1997 is promulgated; the Bank is to have capital of 100 million yen. [...] History 1882 June The Bank of Japan Act of 1882 is promulgated; the Bank is to have capital of 10 million yen and is given a license to operate for 30 years from the start of business. Oct. 10 Business operation begins. 1887 Mar.An increase in the Bank's capital is announced from 10 million yen to 20 million yen. 1895 Aug.An increase in the Bank's capital is announced from 20 million yen to 30 million yen. 1896 Apr.The Head Office is moved to a new building at the present location. [...] Image 34: 日本銀行 Bank of Japan 2-1-1 Nihonbashi-Hongokucho,Chuo-ku,Tokyo (location) Tel:+81-3-3279-1111 Services Exchange of Damaged Cash Organization Organization of the Bank Head Office, Branches, and Overseas Offices Image 35: 日本銀行 Bank of Japan 2-1-1 Nihonbashi-Hongokucho,Chuo-ku,Tokyo (location) Tel:+81-3-3279-1111 Other LinksInstitute for Monetary and Economic Studies About the Site E-mail Service Help Contact Links Site Map
DBPedia
View on DBPediaThe Bank of Japan (日本銀行, Nippon Ginkō, BOJ, JASDAQ: 8301) is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It has its headquarters in Chūō, Tokyo.