Annual Review 2015

August 28, 2015
Bank of Japan

The Annual Review 2015 provides an overview of the Bank of Japan's organization and business operations, a review of its implementation of business operations and organizational management in fiscal 2014 (April 1, 2014-March 31, 2015), and a description of the Bank's accounts for the fiscal year.

Contents

• Foreword by the Governor [PDF 487KB]
• About the Bank of Japan [PDF 2,333KB]
  • I. Core Purposes
  • II. Capital
  • III. The Bank's Officers
  • IV. Organization
• The Bank's Business Operations [PDF 1,675KB]
  • I. Monetary Policy
  • II. Financial System Policy
  • III. Enhancement of Payment and Settlement Systems and Market Infrastructure
  • IV. International Operations
  • V. Issuance, Circulation, and Maintenance of Banknotes
  • VI. Services Relating to the Government
  • VII. Communication with the Public
• The Bank's Review of Fiscal 2014 [PDF 1,659KB]
  • I. Introduction
  • II. Review of Economic and Financial Developments and Monetary Policy Meetings
  • III. Performance Reviews of Measures Taken Under the Strategic Priorities
• The Bank's Organizational Management in Fiscal 2014 [PDF 1,795KB]
  • I. Statement of Accounts and Budget for Expenses
  • II. IT Investment
  • III. Human Resources
  • IV. Organizational Management Measures
  • V. Internal Audits
• The Bank's Accounts: Financial Statements and Other Documents for Fiscal 2014 [PDF 2,847KB]
  • I. Assets and Liabilities, Profits and Losses, and Capital Adequacy Ratio
  • II. Financial Statements
  • III. Schedule for the Financial Statements
  • IV. Expenses
• Appendixes [PDF 1,576KB]
  • Appendix 1: Overview of Audits of the Bank of Japan
  • Appendix 2: The Bank of Japan's Strategic Priorities for Fiscal 2014-2018
• Information [PDF 2,023KB]

Foreword by the Governor

The Bank of Japan has two missions, to achieve price stability and ensure the stability of the financial system. On the price stability side, the Bank has been steadily pursuing quantitative and qualitative monetary easing to achieve the "price stability target" of 2 percent in terms of the year-on-year rate of change in the consumer price index. The Bank works to fulfill the two missions by conducting, besides monetary policy, business operations in a wide range of areas such as financial system and bank examination, payment and settlement systems, market infrastructure, international finance, banknotes, treasury funds and Japanese government securities (JGS) services, and public communications. The Bank pursues its various policies through the precise and deliberate execution of these central banking operations.

The Annual Review provides excerpts from the Japanese original Gyoumu Gaikyo Sho (Outline of Business Operations), which is prepared pursuant to Article 55 of the Bank of Japan Act. The Gyoumu Gaikyo Sho for fiscal 2014 and the Annual Review 2015 have been drawn up and released to explain to readers the implementation of the Bank's business operations during fiscal 2014. Throughout the fiscal year, the Bank, in accordance with "The Bank of Japan's Strategic Priorities for Fiscal 2014-2018," continued to address various issues and move forward with a number of action plans, while ensuring the timely conduct of its business operations and organizational management in view of changes in circumstances. The Bank will proceed with its efforts as the country's central bank to achieve the sustainable growth and development of Japan's economy. I hope this year's Annual Review will help readers to gain an overview of the Bank's efforts.

Haruhiko Kuroda
Governor of the Bank of Japan

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