Policy Board (9 persons)●The Bank‘s highest decision-making body, which determines the guideline for currency and monetary control,and sets the basic principles for carrying out the Bank's operations.
● The Board oversees the fulfillment of the duties of the Bank’s officers, excluding Auditors and Counsellors.

Auditors

Governor●Represents the Bank of Japan and exercises general control over the Bank's business.

Deputy Governors (2 persons)Members ofthe Policy Board(6 persons)Counsellors

Management Committee● Examines and manages Bank-wide issues
regarding the Bank's operations.

● Administer the business of the Bank, assisting the Governor.

Compliance Committee

Executive Directors (6 persons)● Ensures that the officers and employees performtheir duties fairly and in compliance with therelevant laws and regulations.

● Administer the business of the Bank, assisting the Governor
and the Deputy Governors.

Head OfficeSecretariat of thePolicy Board(1) Arranges proceedings for Policy Board meetings; (2) liaises with the Diet and the media; (3) reviews the content and wording of important documents, and offersa legal perspective on them; (4) plans and formulates measures relating to the Bank's business operations and organizational management; (5) handles the Bank's
budget, settlement, and accounting; (6) provides administrative services for the Bank’s officers; and (7) supports Auditors in auditing.

Internal Auditors'Office

Audits the Bank's business operations.

Monetary Affairs
Department

Plans and formulates monetary policy measures.

Financial System andBank Examination Department(1) Plans and formulates measures that contribute to the maintenance of an orderly financial system; (2) conducts on-site examinations and off-site monitoring offinancial institutions that hold current accounts at the Bank; (3) judges financial institutions' eligibility to hold current accounts at the Bank and to have access to its
lending facilities; and (4) determines the specifics of credit extension and discounting of bills by the Bank.

Payment and Settlement
Systems Department

Plans and formulates measures in the following areas: (1) policy issues relating to payment and settlement systems; (2) financial institutions' access to payment andsettlement services provided by the Bank; and (3) the Bank's business continuity planning.

Financial Markets
Department(1) Determines the specifics of daily market operations; (2) conducts foreign exchange interventions; (3) works toward improving the functioning of Japanesefinancial markets, including the foreign exchange market; and (4) monitors and analyzes developments in financial markets in Japan as well as overseas, including
foreign exchange markets.

Research and Statistics
Department(1) Conducts research on the domestic economy and fiscal situation; and (2) compiles and publishes statistics.

International Department(1) Liaises and coordinates with overseas central banks and international organizations; (2) makes arrangements for investment in yen assets by overseas central
banks, and conducts operations aimed at providing international financial support; (3) manages foreign currency assets held by the Bank; (4) conducts research on
global economic and financial conditions; and (5) compiles Japan's balance of payments and other such statistics.

Currency Issue Department(1) Conducts planning and operations relating to banknotes; and (2) conducts payment/receipt of coins, and examines and takes custody of them.

Operations Department

Conducts banking operations including the following: (1) discounting of bills; (2) credit extension; (3) purchasing/selling of bills, Japanese government securities,and other securities; (4) borrowing/lending of securities with cash collateral; (5) accepting of deposits; (6) domestic funds transfers; (7) handling of treasury funds;and (8) operations relating to stocks purchased by the Bank.

Information SystemServices Department

Manages the development and operation of the Bank's computer systems.

Public Relations Department(1) Conducts public relations activities; (2) provides support for the promotion of financial and economic education; and (3) administers the Bank's library.

Personnel and Corporate
Affairs Department

Handles business in corporate affairs, personnel policy issues relating to recruitment, assessment of job performance, career planning and training, wages andsalaries, and the Bank's code of ethics.

Administration Department

Conducts administrative operations relating to the Bank's facilities, supplies, security, and transportation.

Institute for Monetary andEconomic Studies(1) Studies theoretical, institutional, technological, and historical aspects of monetary and economic issues; (2) collects, preserves, and exhibits historical materials
and documents related to monetary and economic issues; and (3) exchanges views with academics.

Branches (32)

Local Offices in Japan (14)Overseas Representative Offices (7)The 32 branches mainly conduct
operations relating to currency issue andbanking operations, and research on theeconomic and financial situation in theirrespective areas.

The 14 local offices handle some of theoperations of the Head Office or branches.

The 7 overseas representative offices
perform a liaison function, gather
information, and conduct research.

Policy Board

Governor

UEDA Kazuo

Deputy Governors

UCHIDA Shinichi, HIMINO Ryozo

Members of the Policy Board

ADACHI Seiji, NAKAMURA Toyoaki, NOGUCHI Asahi, NAKAGAWA Junko, TAKATA Hajime, TAMURA Naoki

Auditors

SAKAMOTO Tetsuya, TANIGUCHI Fumikazu, ICHIKAWA Kenta

Executive Directors

KOUGUCHI Hirohide, KATO Takeshi, SHIMIZU Seiichi, NAKAJIMA Takeshi, KAMIYAMA Kazushige, SUWAZONO KenjiCounsellors

MATSUMOTO Masayoshi, IIJIMA Masami, ISAKA Ryuuichi, TOKURA Masakazu,MORITA Toshio, AKIIKE Reiko, SHIMAO Tadashi, KOBAYASHI Ken, YOSHIKAWA Hiroshi, FUKUTOME Akihiro