The Bank of Japan

The Bank of Japan

The Bank of Japan was established under the Bank of Japan Act (promulgated in June 1882) and began operating on October 10, 1882, as the nation’s central baBank_of_Japan_2010nk. The Bank was reorganized on May 1, 1942 in conformity with the Bank of Japan Act (hereafter the Act of 1942), promulgated in February 1942. The Act of 1942 strongly reflected the wartime situation: for example, Article 1 stated the objectives of the Bank as “the regulation of the currency, control and facilitation of credit and finance, and the maintenance and fostering of the credit system, pursuant to national policy, in order that the general economic activities of the nation might adequately be enhanced.” The Act of 1942 was amended several times after World War II. Such amendments included the establishment of the Policy Board as the Bank’s highest decision-making body in June 1949.
The Act of 1942 was revised completely in June 1997 under the two principles of “independence” and “transparency.” The revised act (the Act) came into effect on April 1, 1998.

Buildings are reflected on a Bank of Japan board in Tokyo December 30, 2008. Japan's government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country's businesses, daily Sankei Shimbun said on Tuesday. REUTERS/Issei Kato (JAPAN)
Buildings are reflected on a Bank of Japan board in Tokyo December 30, 2008. Japan’s government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country’s businesses, daily Sankei Shimbun said on Tuesday. REUTERS/Issei Kato (JAPAN)

Responsibilities of the Governor, Deputy Governors, and Executive Directors

August 21, 2014

1. Responsibilities by Head Office Department Function/Operational Function

Governor

Haruhiko Kuroda Exercises general control over the Bank’s business.
Is in charge of the Internal Auditors’ Office.

Deputy Governors

Hiroshi Nakaso Administer the business of the Bank, assisting the Governor.
Are in charge of the Monetary Affairs Department, Financial Markets Department, Research and Statistics Department, and International Department.
Is in charge of the Secretariat of the Policy Board, Financial System and Bank Examination Department, Payment and Settlement Systems Department, Operations Department, Information System Services Department, Personnel and Corporate Affairs Department, and Administration Department.
Kikuo Iwata Is in charge of the Currency Issue Department, Public Relations Department, and Institute for Monetary and Economic Studies.

Executive Directors

Masayoshi Amamiya Administer the business of the Bank, assisting the Governor and Deputy Governors. Is in charge of the Monetary Affairs Department, Financial Markets Department, and Institute for Monetary and Economic Studies.
Kazuo Momma
(Assistant Governor)
Is in charge of the International Department, and the Bank’s international affairs.
Shigeki Kushida Is in charge of the Financial System and Bank Examination Department, Currency Issue Department, and Public Relations Department.
Tomohisa Takeda Is in charge of the Secretariat of the Policy Board, Information System Services Department, Personnel and Corporate Affairs Department, Administration Department, and the New BOJ-Net Planning.
Atsushi Miyanoya Is in charge of the Osaka Branch as its General Manager.
Shigehiro Kuwabara Is in charge of the Payment and Settlement Systems Department, Research and Statistics Department, and Operations Department.

2. Acting/Performing the Governor’s Duties Pursuant to Article 22 of the Bank of Japan Act (See Note)

The Governor decided the first to third officers in order of rank as follows.

The first officer:
Deputy Governor
Hiroshi Nakaso
Acts for the Governor when the Governor is prevented from attending to his duties and performs the Governor’s duties during a vacancy in the office of the Governor.
The second officer:
Deputy Governor
Kikuo Iwata
Acts for the Governor when the Governor and the first officer are prevented from attending to their duties, and performs the Governor’s duties during a vacancy in the office of the Governor and the first officer.
The third officer:
Executive Director in charge of the Monetary Affairs Department;
Masayoshi Amamiya
Acts for the Governor when the Governor and the first and second officers are prevented from attending to their duties, and performs the Governor’s duties during a vacancy in the office of the Governor and the first and second officers.
Note: Pursuant to Article 22, paragraph 2 of the Bank of Japan Act, the Deputy Governors act for the Governor when he is prevented from attending to his duties, and perform the Governor’s duties during a vacancy in the office of the Governor. In addition, pursuant to Article 22, paragraph 5 of the Bank of Japan Act, Executive Directors act for the Governor when the Governor and Deputy Governors are prevented from attending to their duties, and perform the Governor’s duties during a vacancy in the office of the Governor and Deputy Governors.

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http://www.boj.or.jp/en/