Functions and Operations of the Bank

"Functions and Operations of the Bank of Japan" explains the Bank's functions and operations. This document is a translation of the Japanese edition, written and edited by the Institute for Monetary and Economic Studies of the Bank and published in December 2000, with a supplement on subsequent major changes in the Bank's operations until the end of January 2004.

• Full text of "Functions and Operations of the Bank of Japan" [PDF 1,721KB]

Click the underlined headings to download files for the individual chapters below.

• Preface to the English Edition of "Functions and Operations of the Bank of Japan" [PDF 139KB]
• Contents [PDF 43KB]
• Chapter I: Introduction [PDF 127KB]
  • A. Functions of the Bank of Japan
  • B. Outline of the Bank of Japan's Business Operations
  • C. Innovation in Technology and the Bank of Japan
• Chapter II: The Issuance, Circulation, and Maintenance of Bank of Japan Notes [PDF 118KB]
  • A. Cash and the Bank of Japan
  • B. Circulation of Banknotes
  • C. Maintenance of Banknotes
• Chapter III: The Bank of Japan's Current Account Services [PDF 69KB]
  • A. Outline of the Bank of Japan's Current Account Services
  • B. Settlement through BOJ Accounts and the Reduction of Settlement Risk
  • C. Reserve Requirements of Financial Institutions
• Chapter IV: The Payment and Settlement System in Japan and the Bank of Japan's Payment and Settlement Services [PDF 139KB]
  • A. Payment and Settlement
  • B. Widely Used Payment Instruments in Japan
  • C. An Overview of Japan's Payment and Settlement System
  • D. The Bank of Japan's Payment and Settlement Services
• Chapter V: On-Site Examination and Off-Site Monitoring, and Credit Extension as the Lender of Last Resort [PDF 125KB]
  • A. The Bank of Japan's Business Operations related to Financial System Stability
  • B. The Role of On-Site Examination and Off-Site Monitoring
  • C. Outline of On-Site Examination and Off-Site Monitoring
  • D. Legal Framework and Procedures of On-site Examination
  • E. The Bank of Japan's Role as the Lender of Last Resort
• Chapter VI: The Bank of Japan's Money Market Operations and Lending [PDF 156KB]
  • A. Price Stability and Monetary Policy
  • B. Monetary Control
  • C. Money Market Operations
  • D. The Bank of Japan's Lending Operations
  • E. Issuing of Substitute Certificates
• Chapter VII: Statistics, Research and Studies, and Public Relations [PDF 86KB]
  • A. Compiling and Publishing Statistics
  • B. Research and Studies
  • C. Public Relations
• Chapter VIII: International Operations and Services [PDF 94KB]
  • A. The Bank of Japan's International Operations and Services
  • B. Services Provided as Part of the Bank of Japan's Cooperation with Foreign Central Banks and International Organizations
  • C. International Operations Conducted on Behalf of the Government
  • D. Responding to International Financial Crises
• Chapter IX: The Bank of Japan's Treasury Funds Services [PDF 86KB]
  • A. Treasury Funds Services
  • B. The Government's Cash Management
• Chapter X: The Bank of Japan's Japanese Government Securities Services [PDF 115KB]
  • A. Services Related to Japanese Government Securities (JGSs)
  • B. Services related to Custody of Securities
• Appendixes [PDF 141KB]
  • Appendix 1: Organization of the Bank of Japan
  • Appendix 2: The Bank of Japan's Accounts
  • Appendix 3: Bank of Japan Releases of Statistics and Other Materials
  • Appendix 4: Releases and Publications Related to Public Relations Activities
  • Appendix 5: The Revisions of the Bank of Japan Law
  • Appendix 6: References for the Japanese edition
• Supplement [PDF 348KB]
  • 1. Issues relating to Chapter I
  • 2. Issues relating to Chapter II
  • 3. Issues relating to Chapter III
  • 4. Issues relating to Chapter IV
  • 5. Issues relating to Chapter V
  • 6. Issues relating to Chapter VI
  • 7. Issue relating to Chapter VII
  • 8. Issue relating to Chapter VIII
  • 9. Issue relating to Chapter IX
  • 10. Issues relating to Chapter X
• Index [PDF 65KB]