Cooperation with Other Central Banks

• Bilateral Swap Arrangements
• Cross-Border Collateral Arrangements
• Asian Bond Fund
• Banking and Custody Services
• Others

The Bank conducts its operations in the field of international finance in cooperation with other central banks, by for example, establishing bilateral swap arrangements and providing its banking services.

Bilateral Swap Arrangements

Swap Agreements for the stability in financial markets

• Summary of a U.S. Dollar-Yen Swap Agreement with the Federal Reserve Bank of New York

Table : Swap Agreements for the stability in financial markets

Date	Title
Mar. 20, 2023	Coordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity [PDF 11KB]
Mar. 20, 2020	Coordinated Central Bank Action to Further Enhance the Provision of U.S. Dollar Liquidity [PDF 95KB]
Mar. 16, 2020	Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity [PDF 88KB]
Oct. 31, 2013	Introduction of standing liquidity swap arrangements [PDF 9KB]
Dec. 13, 2012	Extension of temporary liquidity swap arrangements [PDF 11KB]
Nov. 30, 2011	Coordinated Central Bank Action to Address Pressures in Global Money Markets [PDF 16KB]
June 29, 2011	Extension of temporary U.S. dollar liquidity swap arrangements [PDF 8KB]
Dec. 21, 2010	Extension of temporary U.S. dollar liquidity swap arrangements [PDF 11KB]
Jan. 28, 2010	Completion of Temporary Reciprocal Currency Arrangements [PDF 10KB]
June 26, 2009	Extension of temporary reciprocal currency arrangements [PDF 72KB]

• Summary of a Yen-U.S. Dollar Swap Agreement with the Federal Reserve Bank of New York
• Summary of a Canadian Dollar-Yen Swap Agreement with the Bank of Canada
• Summary of a Yen-Canadian Dollar Swap Agreement with the Bank of Canada
• Summary of a Pound Sterling-Yen Swap Agreement with the Bank of England
• Summary of a Yen-Pound Sterling Swap Agreement with the Bank of England
• Summary of a Euro-Yen Swap Agreement with the European Central Bank
• Summary of a Yen-Euro Swap Agreement with the European Central Bank
• Summary of a Swiss Franc-Yen Swap Agreement with the Swiss National Bank
• Summary of a Yen-Swiss Franc Swap Agreement with the Swiss National Bank

Swap Agreements for the stability of financial system

Table : Swap Agreements for the stability of financial system

Date	Title
Oct. 25, 2024	Extension of the Bilateral Local Currency Swap Agreement with the People's Bank of China [PDF 42KB]
Mar. 30, 2023	Extension of the Bilateral Local Currency Swap Agreement with the Bank of Thailand [PDF 132KB]
Nov. 29, 2022	Extension of the Bilateral Local Currency Swap Agreement with the Monetary Authority of Singapore [PDF 40KB]
Mar. 17, 2022	Extension of the Bilateral Local Currency Swap Agreement with the Reserve Bank of Australia [PDF 62KB]
Oct. 25, 2021	Extension of the Bilateral Local Currency Swap Agreement with the People's Bank of China [PDF 55KB]
Mar. 31, 2020	Bilateral Local Currency Swap Agreement with the Bank of Thailand [PDF 41KB]
Nov. 29, 2019	Extension of the Bilateral Local Currency Swap Agreement with the Monetary Authority of Singapore [PDF 28KB]
Mar. 15, 2019	Extension of the Bilateral Local Currency Swap Agreement with the Reserve Bank of Australia [PDF 43KB]
Oct. 26, 2018	Bilateral Local Currency Swap Agreement with the People's Bank of China [PDF 41KB]
May 10, 2018	Governor Haruhiko Kuroda met with Governor Yi Gang of the People's Bank of China
Nov. 30, 2016	Bilateral Local Currency Swap Agreement with the Monetary Authority of Singapore [PDF 63KB]
Mar. 18, 2016	Bilateral Local Currency Swap Agreement with the Reserve Bank of Australia [PDF 38KB]
July 15, 2009	Extension of the yen-dollar liquidity swap arrangement with the Federal Reserve [PDF 34KB]
Apr. 6, 2009	The Bank of England, the European Central Bank, the Federal Reserve, the Bank of Japan, and the Swiss National Bank announce swap arrangements.

Bilateral Swap Agreements Signed as the Agent of the Minister of Finance of Japan (Chiang Mai Initiative and Others)

Table : Bilateral Swap Agreements Signed as the Agent of the Minister of Finance of Japan (Chiang Mai Initiative and Others)

Date	Title
Feb. 28, 2025	Renewal of Bilateral Swap Arrangement between Japan and India [PDF 181KB]
Jan. 6, 2025	Renewal of Bilateral Swap Arrangement between Japan and the Philippines [PDF 356KB]
Oct. 15, 2024	Renewal of Bilateral Swap Arrangement between Japan and Indonesia [PDF 516KB]
July 23, 2024	Renewal of Bilateral Swap Arrangement between Japan and Thailand [PDF 197KB]
May 21, 2024	Renewal of Bilateral Swap Arrangement between Japan and Singapore [PDF 196KB]
Dec. 1, 2023	Signing of the third Bilateral Swap Arrangement between Japan and Korea [PDF 198KB]
Sept. 19, 2023	Renewal of Bilateral Swap Arrangement between Japan and Malaysia [PDF 198KB]
Feb. 28, 2022	Renewal of Bilateral Swap Arrangement between Japan and India [PDF 262KB]
Jan. 4, 2022	Renewal of Bilateral Swap Arrangement between Japan and the Philippines [PDF 10KB]
Oct. 14, 2021	Renewal of Bilateral Swap Arrangement between Japan and Indonesia [PDF 10KB]
July 26, 2021	Renewal of Bilateral Swap Arrangement between Japan and Thailand [PDF 200KB]
May 21, 2021	Renewal of Bilateral Swap Arrangement between Japan and Singapore [PDF 209KB]
Mar. 31, 2021	The Amended Chiang Mai Initiative Multilateralisation (CMIM) Comes into Effect on 31 March 2021 [PDF 215KB]
Sept. 18, 2020	Signing of Bilateral Swap Arrangement between Japan and Malaysia [PDF 183KB]
June 23, 2020	The amended Chiang Mai Initiative Multilateralisation (CMIM) Comes Into Effect on 23 June 2020 [PDF 34KB]
Feb. 28, 2019	Signing of the Bilateral Swap Arrangement between Japan and India [PDF 20KB]
Oct. 15, 2018	Signing of the Enhanced Bilateral Swap Arrangement between Japan and Indonesia [PDF 13KB]
July 23, 2018	Signing of the Enhanced Bilateral Swap Arrangement between Japan and Thailand [PDF 13KB]
May 21, 2018	Renewal of Bilateral Swap Arrangement between Japan and Singapore [PDF 83KB]
Oct. 6, 2017	Signing of the Bilateral Swap Arrangement between Japan and the Philippines [PDF 12KB]
May 8, 2017	Signing of the fourth Bilateral Swap Arrangement between Japan and Thailand [PDF 8KB]
May 21, 2015	Signing of the third Bilateral Swap Arrangement between Japan and Singapore [PDF 13KB]
Oct. 6, 2014	Signing of the Bilateral Swap Arrangement between Japan and the Philippines [PDF 10KB]
July 17, 2014	The Amended Chiang Mai Initiative Multilateralisation (CMIM) Comes Into Effect on July 17, 2014 [PDF 130KB]
Jan. 10, 2014	Signing of the Amendment of the Bilateral Swap Arrangement between Japan and India [PDF 20KB]
Dec. 13, 2013	Signing of the Bilateral Swap Arrangement between Japan and Indonesia [PDF 18KB]
Oct. 9, 2012	Expiration of the Measure to Increase the Size of the Bilateral Swap Arrangements
Oct. 19, 2011	The Bank of Japan and the Bank of Korea Announce an Increase in the Size of the Yen-Won Swap Arrangement
June 22, 2010	Extension of the Swap Arrangement between the Bank of Korea and the Bank of Japan
Apr. 30, 2010	Expiration of the Measure to Increase the Size of the Yen-Won Swap Arrangement
Mar. 24, 2010	Joint Press Release - Chiang Mai Initiative Multilateralization (CMIM) Comes Into Effect
Jan. 19, 2010	Extension of the Measure to Increase the Size of the Yen-Won Swap Arrangement
Dec. 28, 2009	Joint Press Release - The Establishment of the Chiang Mai Initiative Multilateralization
Oct. 16, 2009	Extension of the Measure to Increase the Size of the Yen-Won Swap Arrangement
Apr. 6, 2009	Signing of the agreement on an increase in the maximum amount of the Bilateral Swap Arrangements between Japan and Indonesia under the Chiang Mai Initiative
Mar. 31, 2009	Extension of the Measure to Increase the Size of the Yen-Won Swap Arrangement
Dec. 12, 2008	The Bank of Japan and the Bank of Korea Announce an Increase in the Size of the Yen-Won Swap Arrangement
June 30, 2008	Signing of the Bilateral Swap Arrangement between Japan and India
July 10, 2007	Agreement of the Third Bilateral Swap Arrangement between Japan and Thailand under the Chiang Mai Initiative
May 8, 2006	Signing of the Second Bilateral Swap Arrangement between the Bangko Sentral ng Pilipinas and the Bank of Japan, as Agent for the Minister of Finance of Japan under the Chiang Mai Initiative- Second Stage
Feb. 24, 2006	Signing of the second Bilateral Swap Arrangement between Japan and Korea under the Chiang Mai Initiative
Nov. 9, 2005	Signing of the second Bilateral Swap Arrangement between Japan and Singapore under the Chiang Mai Initiative - Second Stage
Aug. 31, 2005	Signing of the second Bilateral Swap Arrangement between Japan and Indonesia under the Chiang Mai Initiative - Second Stage
May 27, 2005	Conclusion of the Swap Arrangement between the Bank of Korea and the Bank of Japan
Jan. 25, 2005	Agreement of the second Bilateral Swap Arrangement between Japan and Thailand under the Chiang Mai Initiative
Mar. 28, 2002	Conclusion of the Swap Arrangement between the People's Bank of China and the Bank of Japan

Cross-Border Collateral Arrangements

Table : Cross-Border Collateral Arrangements

Date	Title
Aug. 26, 2016	Implementation of the Arrangement for the Provision of Philippine Peso Liquidity against Japanese Yen by the Bangko Sentral ng Pilipinas [PDF 8KB]
Feb. 6, 2015	Establishment of an Arrangement for the Provision of Philippine Peso Liquidity against Japanese Yen [PDF 80KB]
Dec. 13, 2013	Establishment of an Arrangement for the Provision of Indonesian Rupiah Liquidity against Japanese Government Securities [PDF 63KB]
July 26, 2013	Establishment of an Arrangement for the Provision of Singapore Dollar Liquidity against Japanese Government Securities as Collateral [PDF 85KB]
Nov. 25, 2011	Implementation of the collaborative arrangement between the Bank of Japan and the Bank of Thailand for liquidity provision in Thai Baht utilizing Japanese Government Securities as collateral [PDF 54KB]
Oct. 25, 2011	Collaboration with the Bank of Thailand to implement an arrangement for liquidity provision in Thai Baht utilizing Japanese Government Securities as collateral [PDF 47KB]

Asian Bond Fund

Table : Asian Bond Fund

Date	Title
Dec. 16, 2004	Subscription to the Asian Bond Fund 2
June 2, 2003	Subscription of the Asian Bond Fund

Banking and Custody Services

• Principal Terms and Conditions concerning the Operation of Yen Accounts for Foreign Central Banks and International Organizations
• Principal Terms and Conditions concerning the Operation of Securities Custody Accounts (S) for Foreign Central Banks and International Organizations
• Principal Terms and Conditions concerning Outright Purchases and Purchases under Resale Agreements of JGSs from Foreign Central Banks

Others

Table : Others

Date	Title
Oct. 17, 2024	The Thirteenth PBOC-BOJ-BOK Tripartite Governors' Meeting in Beijing, China [PDF 180KB]
July 23, 2023	The Twelfth Tripartite Governors' Meeting among PBC, BOJ and BOK [PDF 238KB]
Oct. 26, 2018	Signing of the Memorandum of Understanding with the People's Bank of China [PDF 36KB]