The Bank of Japan is the central bank of Japan, responsible for issuing banknotes, carrying out monetary policy and keeping the financial system stable. It was founded in the Meiji era, following the finance minister Matsukata Masayoshi's reforms to establish a modern monetary system after the chaos of inflation and several types of currency that followed the Meiji Restoration. It was modelled in part on the National Bank of Belgium. Its headquarters are in the Nihonbashi district of Tokyo. In 1998 a new law gave the bank greater independence from the government, and in later decades it became known for very low interest rates and large-scale asset purchases.
Before and after
- 19 April 1882Death of Charles Darwin
- 20 May 1882Birth of Sigrid Undset
- 2 June 1882Death of Giuseppe Garibaldi
- 5 June 1882Birth of Igor Stravinsky
- 27 June 1882Founding of Bank of Japan
- 7 July 1882Birth of Yanka Kupala
- 19 July 1882Imo Incident
- 1 September 1882Discovery of Great Comet of 1882
- 5 September 1882Founding of Tottenham Hotspur F.C.
More in Society, economy & sport
- c. 1800sRise of nationalism
- 17 February 1863Founding of International Red Cross and Red Crescent Movement
- 1885Founding of Stanford University
- from 6 April 1896 to 15 April 1896The first modern Olympic Games open in Athens
- 1 January 1901Founding of Australia
- 21 May 1904Founding of FIFA
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 19th century.