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Summary of a U.S. Dollar-Yen Swap Agreement with the Federal Reserve Bank of New York


May 10, 2010
  • December 21, 2010
  • July 12, 2011
  • November 30, 2011
  • December 20, 2012
  • October 31, 2013

1. Purpose

To obtain U.S. Dollar (USD), which is to be provided to financial institutions for the time being by the Bank of Japan (BoJ), to maintain the smooth functioning of the money market and ensure stability in financial markets.

2. Parties

Federal Reserve Bank of New York (FRBNY) and BoJ

3. Transactions

BoJ sells Yen to the FRBNY to purchase USD from the FRBNY by means of a spot transaction, with a simultaneous agreement by BoJ to sell USD to the FRBNY and to purchase Yen from the FRBNY on the maturity date of such swap transaction by means of a forward transaction.

4. End of Drawing Period


5. Maximum aggregate amount