Annual Review 2013
August 30, 2013
Bank of Japan
The Annual Review 2013 provides an overview of the Bank of Japan's organization and business operations, a review of its implementation of business operations and organizational management in fiscal 2012 (April 1, 2012-March 31, 2013), and a description of the Bank's accounts for the fiscal year.
Contents
- Foreword by the Governor
- About the Bank of Japan
- I. Core Purposes
- II. Capital
- III. The Bank's Officers
- IV. Organization
- The Bank's Business Operations
- I. Monetary Policy
- II. Financial System Policy
- III. Enhancement of Payment and Settlement Systems and Market Infrastructure
- IV. International Operations
- V. Issuance, Circulation, and Maintenance of Banknotes
- VI. Services Relating to the Government
- VII. Communication with the Public
- The Bank's Review of Fiscal 2012
- I. Introduction
- II. Review of Economic and Financial Developments
- III. Progress in Addressing Issues and Implementing Action Plans
- The Bank's Organizational Management in Fiscal 2012
- I. Statement of Accounts and Budget for Expenses
- II. IT Investment
- III. Human Resources
- IV. Organizational Management Measures Implemented in Fiscal 2012
- V. Internal Audits
- The Bank's Accounts: Financial Statements and Other Documents for Fiscal 2012
- I. Assets and Liabilities, Profits and Losses, and Capital Adequacy Ratio
- II. Financial Statements
- III. Schedule for the Financial Statements
- IV. Expenses
- Appendixes
- Appendix 1: Overview of Audits of the Bank of Japan
- Appendix 2: The Bank of Japan's Strategic Priorities for Fiscal 2013-2015
Foreword by the Governor
The Bank of Japan has two missions, to achieve price stability and ensure the stability of the financial system. On the price stability side, the Bank introduced in January 2013 the "price stability target" of 2 percent in terms of the year-on-year rate of change in the consumer price index (CPI), and then in early April, decided to introduce quantitative and qualitative monetary easing. The Bank works to fulfill the two missions by conducting, besides monetary policy, business operations in areas ranging from financial system and bank examination, payment and settlement systems, market infrastructure, international finance, banknotes, treasury funds, Japanese government securities, to public communications. The Bank pursues its policies through the precise and deliberate execution of this wide range of business operations.
The Annual Review provides excerpts from the Japanese original Gyoumu Gaikyo Sho (Outline of Business Operations), which is prepared pursuant to Article 55 of the Bank of Japan Act. The Gyoumu Gaikyo Sho for fiscal 2012 and the Annual Review 2013 have been drawn up and released to explain to readers the implementation of the Bank's business operations during fiscal 2012. Throughout the year, the Bank continued to address various issues and move forward with a number of action plans, while ensuring the timely conduct of its business operations and organizational management in view of changes in circumstances. The Bank will proceed with its efforts as the country's central bank to achieve the sustainable growth and development of Japan's economy. I hope this year's Annual Review will help readers to gain an overview of the Bank's efforts.
Haruhiko Kuroda
Governor of the Bank of Japan