Bank of Japan

Bank of Japan engages in the provision of government banking services. Its activities include issuance of banknotes, monetary policy, financial system policy, payment and settlement systems, services relating to the government, international activities, and compilation of data, economic analyses and research activities. The Issuance of Banknotes, the bank involves with the distribution of banknotes and employs a range of measures to prevent counterfeiting, including watermarks, special inks, and micro-lettering. The Monetary Policy, the bank controls the overall volume of money in the economy and interest rates on a daily basis through money market operations. The Payment and Settlement Systems, the bank provides and maintains the settlement system; monitors and examines the financial and management conditions of financial institutions; and functions as the lender of last resort. The Services Relating to the Government, the bank handles receipts and disbursement of treasury funds, including acceptance of tax monies, and payment of public works expenditures and public pensions. The International Activities, the bank engages in international financial transactions and operations; intervention in the foreign exchange markets; and international exchange of views. The Compilation of Data, Economic Analyses and Research Activities, the bank compiles statistics, including the Corporate Goods Price Index, the Corporate Service Price Index, and money stock. The company was founded on October 10, 1882 and is headquartered in Tokyo, Japan.