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Annual Review 2023

August 31, 2023
Bank of Japan

The Annual Review 2023 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 2022 (April 1, 2022-March 31, 2023), and a description of the Bank's accounts for the fiscal year.

The cover page of the Annual Review 2023

Contents

Foreword by the Governor

Photo of Governor UEDA Kazuo

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 has been steadily pursuing its policy of Quantitative and Qualitative Monetary Easing with Yield Curve Control to achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the consumer price index. The Bank works to fulfill the two missions by conducting, besides monetary policy, business operations in a wide range of areas such as financial system and bank examination, payment and settlement systems, market infrastructures, international finance, banknotes, treasury funds and Japanese government securities services, and public communications. The Bank pursues its various policies through the precise and deliberate execution of these central banking 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 2022 and the Annual Review 2023 have been drawn up and released to explain to readers the implementation of the Bank's business operations during fiscal 2022. During the fiscal year, the Bank, in accordance with the Medium-Term Strategic Plan (Fiscal 2019-2023), continued to address various issues and move forward with a number of measures, while ensuring that its business operations and organizational management were conducted in a timely manner in view of changes in circumstances and with due regard for the impact of the novel coronavirus (COVID-19). The Bank will continue 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 activities toward these ends.

Governor's signature

UEDA Kazuo
Governor of the Bank of Japan

Policy Board Members1,2

Group photo of the Bank's Policy Board members

  • UEDA Kazuo, Governor
  • UCHIDA Shinichi, Deputy Governor
  • HIMINO Ryozo, Deputy Governor
  • ADACHI Seiji, Member of the Policy Board
  • NAKAMURA Toyoaki, Member of the Policy Board
  • NOGUCHI Asahi, Member of the Policy Board
  • NAKAGAWA Junko, Member of the Policy Board
  • TAKATA Hajime, Member of the Policy Board
  • TAMURA Naoki, Member of the Policy Board

Notes:

  • 1.Members are as of August 1, 2023.
  • 2.The texts of speeches by Policy Board members are available on the "Speeches by speaker" page on the Bank's website.

Organization Chart of the Bank1,2,3

The officers of the Bank consist of 9 Policy Board members, 6 Executive Directors, 3 Auditors, and 10 Counsellors. The Bank has 2 committees, the Management Committee and the Compliance Committee, 15 Head Office departments, 32 branches, 14 local offices, and 7 overseas representative offices.

Notes:

  • 1.As of August 1, 2023.
  • 2.As stipulated by Article 16, paragraph 2 of the Act, the Policy Board shall consist of the Governor, two Deputy Governors, and six Members of the Policy Board.
  • 3.Local offices include the Computer Center represented by the Director-General of the Information System Services Department, and the Banknote Operations Center represented by the Director-General of the Currency Issue Department.

Information

I. Bank of Japan Website

Provides various kinds of information, including monetary policy releases, speeches and statements, reports and research papers, financial and economic statistics, as well as general facts about the Bank.

  • Screenshot from the home page of the Bank's website

Bank of Japan FAQs

Provides helpful answers to frequently asked questions on the Bank's functions and business operations as well as related topics. Continually updated to reflect changes.

BOJ from Home

Offers online opportunities to explore the tour route of the Main Building at the Bank's Head Office -- the oldest of its buildings and designated an Important Cultural Property -- through contents including a video showing the tour's "must-sees" and an interactive 3-D/virtual reality (VR) map.

  • Exterior view of the Bank's Head Office buildings from the west side -- screenshot from a video of the tour's must-sees
  • 90 centimeter-thick door of the underground vault
  • World's first automatic banknote examination machine, developed by the Bank

Virtual Tour

Introduces the Bank's business operations and history with photographs and explanatory notes.

  • Screenshot from the home page of the Bank's virtual tour website
  • The virtual tour of the New Building (Map)
  • The virtual tour of the Old Building (Map)

Introductory Video "The Bank of Japan in Our Daily Lives"

Explains the importance of maintaining people's confidence in the currency, as well as the Bank's policies and operations toward this end.

  • Screenshot from the introductory video

PR Brochure "Bank of Japan: Its Functions and Organization"

Provides a concise and easy-to-follow overview of the Bank's functions and operations, as well as of its history and organizational structure.

  • Cover page of the PR brochure
  • Pages inside the PR brochure

BOJ Time-Series Data Search

Provides time-series statistical data released by the Bank for searching, downloading, and the drawing of graphs.

  • Screenshot from the home page of the BOJ Time-Series Data Search
Find Us on Social Media

The Bank maintains an active presence on the social networking sites, Twitter and Facebook. The Bank's accounts below provide updates concerning releases on the Bank's website. They may also be used by the Bank as extra channels for communication, for example, in cases of emergency.

Twitter Account: @Bank_of_Japan_e (Link to an external website)
Facebook Account: @BankofJapan.en (Link to an external website)

For the Bank's social networking site management policy, see the "Bank of Japan Social Networking Site Management Policy" page on the Bank's website.

II. Visiting the Bank of Japan

  • Bank of Japan (Head Office)

    2-1-1 Nihonbashi-Hongokucho,
    Chuo-ku, Tokyo 103-0021, Japan
    Tel: +81-3-3279-1111

    A guide map for the Head Office is available on the "Location / Visiting the Bank" page on the Bank's website.

  • Exterior view of the Main Building of the Bank's Head Office

Tours of the Bank's Head Office

The Bank offers guided tours to help visitors learn more about the Bank's role and business operations.

Visit the "Tours of the Bank's Head Office" page on the Bank's website for details.

  • Bank of Japan Currency Museum

    1-3-1 Nihonbashi-Hongokucho,
    Chuo-ku, Tokyo 103-0021, Japan
    Tel: +81-3-3277-3037

    Looks to provide visitors with opportunities to think about the history and role of currency and its relation to culture and society through the Museum's collection of coins and notes, as well as related materials and research findings.

  • Exhibits of the Bank of Japan Currency Museum

  • Bank of Japan Otaru Museum

    1-11-16 Ironai, Otaru, Hokkaido 047-0031, Japan

    Opened in May 2003, in what was previously the Otaru Branch building. Provides displays on the Bank's history, operations, and the development of Otaru City.

  • Exterior view of the Bank of Japan Otaru Museum

III. Publications and Reports

About the Bank

Publications and Reports
Title Frequency
Annual Review Annual
Functions and Operations of the Bank of Japan -

About Monetary Policy

Publications and Reports
Title Frequency
Outlook for Economic Activity and Prices Quarterly
Semiannual Report on Currency and Monetary Control (Summary) Semiannual

Reports & Research Papers

Publications and Reports
Title Frequency
Financial System Report Semiannual
Payment and Settlement Systems Report Ad hoc basis
Regional Economic Report Quarterly
Monetary and Economic Studies Annual

Data Compiled in Statistical Publications

Publications and Reports
Title Frequency
Tankan (Short-Term Economic Survey of Enterprises in Japan) Quarterly

Request for Comments

Please give us your comments to the e-mail address below so that the Bank can improve the content of the Annual Review and make it more useful for readers (e.g., comments on chapters you were especially satisfied/dissatisfied with, design and layout, and the kind of information you wish to see more of in future editions). Your comments and personal details will be treated with full confidentiality and used solely for the purpose of enhancing the content of the Annual Review.
Public Relations Department, Bank of Japan
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