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Bank of Japan

The Bank of Japan (BOJ) also known as Nippon Ginko, is the central bank of Japan. The Bank is often called Nichigin for short. It has its headquarters in Chuo, Tokyo.

Articles by Bank of Japan

Bank of Japan Accounts (September 20)

16 hours ago

September 22, 2021
Bank of Japan

Assets
(thousand yen)

Gold
441,253,409
Cash1
256,479,141
Japanese government securities
538,522,799,403
Commercial paper2
3,357,417,964
Corporate bonds3
7,892,156,572
Pecuniary trusts (stocks held as trust property)4
504,124,863
Pecuniary trusts (index-linked exchange-traded funds held as trust property)5
36,205,081,390
Pecuniary trusts (Japan real estate investment trusts held as trust property)6
654,817,146
Loans (excluding those to the Deposit Insurance Corporation)
132,795,567,000
Foreign currency assets7
7,508,872,684
Deposits with agents8
26,194,749
Others
723,556,207
Total
728,888,320,533

Liabilities and Net Assets
(thousand yen)
Banknotes
116,649,443,263
Current

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Twenty-sixth Meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks

5 days ago

September 17, 2021
Financial Markets Department
Bank of Japan
The twenty-sixth meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks was held on September 17, 2021.
The agenda and items of the meeting are available on the "Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks" page of the Bank of Japan’s website. The meeting minutes of the twenty-sixth meeting will be released on the same page.
Inquiries
Market Infrastructure Division, Financial Markets Department
E-mail : [email protected]

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Financial System Report Annex “Financial Results of Japan’s Banks for Fiscal 2020”

5 days ago

September 17, 2021
Financial System and Bank Examination Department
Bank of Japan
Full Text [PDF 581KB]
Abstract
The three main features of the financial results of Japan’s banks for fiscal 2020 are as follows:
First, net income increased for all types of banks: major banks, regional banks, and shinkin banks. For all types of banks, the increase in pre-provision net revenue (PPNR) (excluding trading income), which indicates core profitability, exceeded the increase in credit costs. At regional banks and shinkin banks, profits were also pushed up by an increase in realized gains on stockholdings.
Second, PPNR (excluding trading income) increased at major banks, regional banks, and shinkin banks. For all types of banks, PPNR (excluding trading

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Bank of Japan Accounts (September 10)

9 days ago

September 14, 2021
Bank of Japan

Assets
(thousand yen)

Gold
441,253,409
Cash1
254,495,674
Japanese government securities
537,150,910,573
Commercial paper2
3,057,714,327
Corporate bonds3
8,026,552,617
Pecuniary trusts (stocks held as trust property)4
508,386,631
Pecuniary trusts (index-linked exchange-traded funds held as trust property)5
36,205,081,390
Pecuniary trusts (Japan real estate investment trusts held as trust property)6
654,817,146
Loans (excluding those to the Deposit Insurance Corporation)
133,236,567,000
Foreign currency assets7
7,505,232,785
Deposits with agents8
8,839,171
Others
718,668,808
Total
727,768,519,535

Liabilities and Net Assets
(thousand yen)
Banknotes
116,618,541,700
Current deposits

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Twenty-fifth Meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks (by written resolution)

12 days ago

September 10, 2021
Financial Markets Department
Bank of Japan
The twenty-fifth meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks was held on September 10, 2021 (by written resolution).
The agenda of the meeting is available on the "Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks" page of the Bank of Japan’s website. The meeting items and minutes of the twenty-fifth meeting will be released on the same page.
Inquiries
Market Infrastructure Division, Financial Markets Department
E-mail : [email protected]

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(Research Paper) Market Operations in Fiscal 2020

13 days ago

September 9, 2021
Financial Markets Department
Bank of Japan
Full Text [PDF 1,563KB]
Introduction
During fiscal 2020 (April 1, 2020 to March 31, 2021), the Bank of Japan pursued powerful monetary easing under the framework of Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control with a view to achieving the price stability target of 2 percent.
Based on the foregoing, as part of countermeasures against the impact of COVID-19, the Bank conducted (1) purchases of CP and corporate bonds as well as the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19) under the Special Program to Support Financing in Response to the Novel Coronavirus (COVID-19); (2) an ample and flexible

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(BOJ Review) The Japanese Yen Interest Rate Swap Market Observed from OTC Derivative Transaction Data: the Impact of COVID-19

20 days ago

September 2, 2021
INOUE Shiori, MIKI Shota*1, GEMMA Yasufumi*2
Financial Markets Department
*1Currently at the Personnel and Corporate Affairs Department
*2Currently at the International Department
Full Text [PDF 950KB]
Interest rate swaps are a type of transactions in which different types of interest payments are exchanged between two parties. They are actively used for a wide range of purposes such as hedges against interest rate risks and alternative investment vehicles to bonds. This report uses granular data of transactions in the Japanese yen interest rate swap market collected in Japan to review the developments in the market with a focus on transactions by sector of market participants. The analysis reveals transaction relationships

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Bank of Japan Accounts (August 31)

21 days ago

September 2, 2021
Bank of Japan

Assets
(thousand yen)

Gold
441,253,409
Cash1
255,520,965
Japanese government securities
536,174,422,815
Commercial paper2
3,177,823,621
Corporate bonds3
7,942,878,770
Pecuniary trusts (stocks held as trust property)4
514,287,149
Pecuniary trusts (index-linked exchange-traded funds held as trust property)5
36,205,081,390
Pecuniary trusts (Japan real estate investment trusts held as trust property)6
654,817,146
Loans (excluding those to the Deposit Insurance Corporation)
133,150,842,000
Foreign currency assets7
7,471,551,252
Deposits with agents8
4,222,655
Others
717,559,769
Total
726,710,260,944

Liabilities and Net Assets
(thousand yen)
Banknotes
116,995,599,135
Current deposits

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