BOJ stands for the Bank of Japan, which is the central bank of Japan. The Bank of Japan is responsible for implementing monetary policy in Japan, with the goal of maintaining price stability and promoting economic growth.
As part of its mandate, the Bank of Japan sets the country’s interest rates and conducts various monetary policy operations, such as purchasing government bonds and other securities, in order to achieve its policy goals. Changes in interest rates and other monetary policy decisions can have a significant impact on the value of the Japanese yen in forex markets.
In addition to its role in monetary policy, the Bank of Japan also acts as a regulator of the country’s financial system, overseeing banks and other financial institutions and working to maintain financial stability. It also conducts research and analysis on economic and financial issues, and works with other central banks and international organizations to promote financial cooperation and stability.