BANK OF JAPAN

” History

1882 June The Bank of Japan Act of 1882 is promulgated; the Bank is to have capital of 10 million yen and is given a license to operate for 30 years from the start of business.

Oct. 10 Business operation begins.
1887 Mar. An increase in the Bank's capital is announced from 10 million yen to 20 million yen.
1895 Aug. An increase in the Bank's capital is announced from 20 million yen to 30 million yen.
1896 Apr. The Head Office is moved to a new building at the present location.
1910 Feb. The Bank is given a license to operate for 30 more years from October 10, 1912, and an increase in the Bank's capital is announced from 30 million yen to 60 million yen.
1942 Feb. The Bank of Japan Act of 1942 is promulgated; the Bank is to have capital of 100 million yen.

May 1 The Bank is reorganized under the Bank of Japan Act of 1942.
1949 June The Policy Board is established.
1997 June The Bank of Japan Act of 1997 is promulgated; the Bank is to have capital of 100 million yen.
1998 Apr. 1 The Bank of Japan Act of 1997 comes into effect.

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