Role of the Bank of Japan in international finance Finally, I would like to briefly describe the role of the Bank of Japan in international finance. In the new Bank of Japan Law, effective since April last year, provisions that allow the Bank to conduct activities related to international finance based on its judgments have been stipulated reflecting the globalization of finance.
The Bank performs many functions: e.g. intervening in foreign exchange markets as an agent of the Finance Minister, providing services to foreign central banks and international organizations wishing to invest in yen. In addition, the Bank is actively engaged in activities related to international finance through channels other than the BIS, including the G7, G10, IMF, etc.