- Nov. 13, 2018
- Oct. 26, 2018
- Oct. 26, 2018
Financial and economic stability in Asia has become ever more crucial to Japan's economy amid further globalization and growth in business and financial transactions between Japanese institutions and counterparties located in Asia. Based on this recognition, the Bank of Japan endeavors to play a more active role in strengthening financial cooperation in the region, so as to contribute to the financial and economic stability in Asia.
To further these cooperative ties and to enhance the Bank's research and analysis functions related to Asia, in June 2014, the Bank has established the International Coordination Division in the International Department, building on the functions of its predecessor, the Center for Monetary Cooperation in Asia established in November 2005.
The new division will act as the principal liaison at the Bank for the planning, coordination, and organization of international meetings including Asia-Pacific regional meetings such as EMEAP (Executives' Meeting of East Asia and Pacific Central Banks) and other international meetings such as the G20; further promote regional/global financial stability in close coordination with fellow central banks and monetary authorities in Asia and other parts of the world; and assist the establishment and smooth operation of critical financial infrastructure in Asian economies among other economies and offer the Bank's know-how through technical cooperation.
The Bank will, through the financial cooperation activities of the newly established division, further contribute to improve the robustness of the Asian financial system.
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