Bank of Japan Explained: What Is the BoJ?
Despite interruptions during World War II and the post-war Occupation period, the Bank of Japan underwent reorganisation in 1942 and 1949. The 1970s saw changes in its operating environment, aligning with Japan’s transition to a variable exchange rate and a more open economy. Throughout the post-war era until 1991, the BoJ primarily utilised ‘window guidance’ …