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Research Papers and Reports. Others. Nov. 6, 2024 Research/Studies (Research Paper) Developments in the Japanese Money Markets and their Functioning with Excess Reserves. Nov. 6, 2024 Monetary Policy Minutes of the Monetary Policy Meeting on September 19 and 20, 2024 [PDF 374KB]
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 bank. 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.
Research Papers, Reports, Speeches and Statements Related to Monetary Policy.
At major banks (on a non-consolidated basis), net income for fiscal 2022 was about 2.5 trillion yen, an increase of 85.8 percent from the previous year, mainly due to gains on sales of stocks of a subsidiary of a bank.
At major banks (on a non-consolidated basis), net income for fiscal 2020 was about 1.2 trillion yen, an increase of 162.0 percent from the previous year, due in part to dissipation of the impact of impairment losses on stocks of group companies of a financial group.
The three main features of the financial results of Japan's banks for fiscal 2022 are as follows: First, net income increased for major banks and regional banks, while it decreased for shinkin banks.
Digital Transformation of Japanese Banks. With the rapid development of digital technology over the past few years, an increasing number of companies and governments around the world have taken steps toward "digital transformation (DX)."
Most of the major Japanese banks have endeavored to stabilize their foreign currency funding by increasing long term market-based funding and corporate deposits while expanding their overseas lending.
The Japanese government and the Bank of Japan, in close cooperation with overseas authorities, swiftly implemented large-scale fiscal and monetary policy measures and took flexible regulatory and supervisory actions to support economic activity and maintain the functioning of financial markets.
This development has incentivized a wide range of industries to adopt digital technology so as to drastically rebuild their management and business processes, leading to improved management efficiency and the provision of higher value-added services, which is known as "digital transformation (DX)."