Bank of Japan
2
3.5
- proper noun
:
Banco de Japón
- Essentially, the Bank of Japan would give Japanese banks quotas as to how much credit should be extended to various industries.
So the purpose of the central bank or the Fed or all, you know, the the Japanese, the Bank of Japan, the European Central Bank, they pump out fake money.
- So the purpose of the central bank or the Fed or all, you know, the the Japanese, the Bank of Japan, the European Central Bank, they pump out fake money.
- Essentially, the Bank of Japan would give Japanese banks quotas as to how much credit should be extended to various industries.
Examples
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The Bank of Japan regulates the country's monetary policy to maintain economic stability.
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In response to the recession, the Bank of Japan introduced new measures to stimulate growth.
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In the United Kingdom it's the Bank of England, in Japan it's the Bank of Japan and and in Europe it's the European Central Bank.
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The Bank of Japan publishes reports on economic forecasts that influence market trends.
Synonyms
100
3.1
A national bank that controls a country's money and interest rates and holds money for the government and other banks
Surface Forms
Morphology
The constituents 'bank' and 'Japan' clearly indicate a bank associated with the country, and the 'Bank of X' naming pattern often signals a national institution across many languages, so learners can infer it refers to Japan's bank. However, the specific institutional role (central bank functions like issuing currency and setting monetary policy) is specialized information that a B1 learner may not deduce from the words alone.
Etymology
Bank of Japan combines the words bank and Japan, meaning the national bank that makes and looks after the country's money. So, the name refers to Japan's main bank that issues the money and helps run the economy.