Bank of Japan

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Bank of Japan

The central bank of Japan. It is responsible for issuing the yen, setting monetary policy, issuing Japanese government securities, and providing settlement in order to preserve a strong financial industry. It works closely with the Japanese government. It was established in 1882.
References in periodicals archive ?
Now, let us implement a monetary policy of a bond-buying operation where the BOJ buys 100 bonds from the private bank.
The BOJ moderated its view on consumer inflation to say prices may fall slightly for the time being, revealing what appears to be its waning conviction that Japan is on track to hit the ambitious goal of 2 percent price growth.
The appointments of BOJ governor and two deputy governors must be approved by both chambers of the Diet.
I'm not sure how the BOJ would justify not doing anything beyond keeping rates near zero when it's predicting three years of deflation," said Hirokata Kusaba, senior economist at Mizuho Research Institute.
When the BOJ first adopted "quantitative easing" in 2001, its focus for monetary policy shifted from interest rate targets to current account balances and other liquidity targets.
In Japan, the follow-on bubble that the BOJ created in the Japanese government bond (JGB) market has allowed the government to lose all semblance of budgetary discipline and has encouraged politicians to push through wasteful spending programs.
To counter possible adverse effects such as an asset bubble that could stem from excessive monetary easing, he said the BOJ would flexibly review its policy to stabilize inflation at around 2 percent.
Consequently, say BOJ officials, Fukui could be more effective than Hayami in building consensus for reformist policies.
Nakaso first assumed the BOJ post in November 2008 and was the first BOJ executive director to be reappointed since the BOJ Law came into force in 1998.
The Diet began hearings with Kuroda to determine whether he is qualified to take over as BOJ chief.
One Democratic Party official has already raised eyebrows within the BOJ by suggesting the party might ask for central bank help in funding future spending to support the economy.
Neither the banks' nor the government's bailout of zombie firms would be possible with lots of near-free money created by the BOJ.