Forex glossary
Bank of Japan (BoJ)
The Bank of Japan (BoJ) is Japan's central bank. Its Policy Board decides monetary policy, and the bank publishes the Tankan business survey. For JPY, check current instruments and guidance; earlier negative-rate or yield-curve-control policies do not automatically describe today's framework.
Illustrative example
How does it work in practice?
In a fictional announcement, the BoJ changes its money-market operating guideline after an earlier Tankan release. A trader separates the policy decision from the business survey and checks the two documents individually.
A case to work through
Sorting publications
A fictional folder contains a policy statement, an outlook report and Tankan results.
- Check each document's title and date.
- Separate the formal decision from forecasts and firms' responses.
What follows? Cite the document that answers the particular question.
Example boundary: Neither a survey nor a projection independently sets a new policy rate.
A useful distinction
Bank of Japan (BoJ) / Tankan Survey (BoJ Business Sentiment)
The BoJ is an institution; Tankan is one survey it conducts.
Check your understanding
Classify a BoJ document as a decision, projection or survey.
Show the answer and explanation
The BoJ's authorized body's formal decision
The relevant document confirms the adopted action.
Reading central-bank decisions
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Read the fuller explanation
Related terms
Sources and documentation
- Outline of Monetary Policy – Bank of Japan
Distinguishes Policy Board decisions from BoJ surveys and outlook publications.
Document read:
The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.