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    Bank of Japan Act
    Bank of Japan Act
    Bank of Japan Act
    Ebook65 pages52 minutes

    Bank of Japan Act

    By The Government of Japan

    ()

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    About this ebook

    'The Bank of Japan Act' is the act of the Japanese Parliament that created the current version of the Bank of Japan. The Bank of Japan was reorganized in May 1942, under the Bank of Japan Act of 1942. According to its charter, the missions of the Bank of Japan are: Issuance and management of banknotes, Implementation of monetary policy, providing settlement services and ensuring the stability of the financial system, Treasury and government securities-related operations, International activities and the compilation of data, economic analyses and research activities for the Japanese economy.
    LanguageEnglish
    PublisherGood Press
    Release dateApr 10, 2021
    ISBN4064066467777
    Bank of Japan Act

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      Book preview

      Bank of Japan Act - The Government of Japan

      The Government of Japan

      Bank of Japan Act

      Published by Good Press, 2022

      goodpress@okpublishing.info

      EAN 4064066467777

      Table of Contents

      Chapter I General Provisions (Article 1 - Article 13)

      Chapter II Policy Board (Article 14 - Article 20)

      Chapter III Officers and Employees (Article 21 - Article 32)

      Chapter IV Business (Article 33 - Article 45)

      Chapter VI Accounting (Article 50 - Article 53)

      Chapter VII Reporting, etc. to the Diet (Article 54 and Article 55)

      Chapter VIII Rectification, etc. of Illegal Acts, etc. (Article 56 - Article 58)

      Chapter IX Miscellaneous Provisions (Article 59 - Article 62)

      Chapter X Penal Provisions (Article 63 - Article 66)

      Supplementary Provisions

      Supplementary Provisions (Extract)

      Supplementary Provisions (Act No. 102 of June 20, 1997) (Extract)

      Supplementary Provisions (Act No. 121 of December 12, 1997) (Extract)

      Supplementary Provisions (Act No. 131 of October 16, 1998)

      Supplementary Provisions (Act No. 151 of December 8, 1999) (Extract)

      Supplementary Provisions (Act No. 160 of December 22, 1999) (Extract)

      Supplementary Provisions (Act No. 76 of June 2, 2004) (Extract)

      Supplementary Provisions (Act No. 87 of July 26, 2005) (Extract)

      Supplementary Provisions (Act No. 50 of June 2, 2006) (Extract)

      Supplementary Provisions (Act No. 102 of June 27, 2007) (Extract)

      Chapter I General Provisions (Article 1 - Article 13)

      Table of Contents

      Article 1 - Purpose

      The purpose of the Bank of Japan, or the central bank of Japan, is to issue banknotes and to carry out currency and monetary control.

      In addition to what is prescribed in the preceding paragraph, the Bank of Japan's purpose is to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of stability of the financial system.

      Article 2 - The Principle of Currency and Monetary Control 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.Article 3 - Respecting the Autonomy of the Bank of Japan and Ensuring Transparency

      The Bank of Japan's autonomy regarding currency and monetary control shall be respected.

      The Bank of Japan shall endeavor to clarify to the citizen the content of its decisions, as well as its decision-making process, regarding currency and monetary control.

      Article 4 - Relationship with the GovernmentThe Bank of Japan shall, taking into account the fact that currency and monetary control is a component of overall economic policy, always maintain close contact with the government and exchange views sufficiently, so that its currency and monetary control and the basic stance of the government's economic policy shall be mutually compatible.Article 5 - Public Nature of the Bank of Japan's Business and Its Autonomy

      In light of the public nature of its business and property, the Bank of Japan shall endeavor to conduct its business in a proper and efficient manner.

      In implementing this Act, due consideration shall be given to the autonomy of the Bank of Japan's business operations.

      Article 6 - Juridical PersonalityThe Bank of Japan shall be a juridical person.Article 7 - Head Office and Branch Offices, etc.

      The Bank of Japan shall locate its head office in Tokyo.

      The Bank of Japan may, pursuant to an Ordinance of the Ministry of Finance and upon authorization from the Minister of Finance, establish, relocate, or abolish offices including branch offices.

      The Bank of Japan may, pursuant to an Ordinance of the Ministry of Finance and upon authorization from the Minister of Finance, establish or abolish agencies that perform a part of the Bank's business.

      If an application for authorization set forth in the preceding two paragraphs has been filed but the Minister of Finance has denied it, he/she shall make public this denial of authorization and the reason therefor promptly, together with the content of the requested application.

      Article 8 - Stated Capital

      The amount of the Bank of Japan's stated capital shall be one hundred million yen to be contributed to by both the government and non-governmental persons.

      Of the amount of stated capital set forth in the preceding paragraph, the amount of contribution by the government shall be no less than fifty-five million yen.

      Article 9 - Investment Securities

      The Bank of Japan shall issue investment securities for capital contribution pursuant to

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