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Statement of Commitment to the FX Global Code

September 30, 2021
Bank of Japan

The Bank of Japan today released the Statement of Commitment to the FX Global Code* ("Code").

The Code was first established in May 2017 by a partnership between central banks and market participants from 16 jurisdictions around the globe to enhance discipline in the foreign exchange market. The release of the Statement of Commitment by the Bank today took into consideration the content of an updated version of the Code that was published in July 2021.

The Code is a set of global principles of good practice which is intended to promote a robust, fair, liquid, open, and appropriately transparent foreign exchange market, and is expected to be adhered to by a broad and diverse set of market participants.

The Bank will continue to be actively involved in the discussion regarding the Code and promote adherence by market participants.