The Financial Services Agency ( 金融庁 , Kin'yū-chō , FSA) is a Japanese government agency and an integrated financial regulator responsible for overseeing banking , securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan . The agency operates with a Commissioner and reports to the Minister of State for Financial Services. It oversees the Securities and Exchange Surveillance Commission and the Certified Public Accountants and Auditing Oversight Board. Its main office is located in Tokyo .
7-745: The FSA was established on July 1, 2000 by the merger of the Financial Supervisory Agency with the Financial System Planning Bureau, a bureau of the Ministry of Finance . The Financial Supervisory Agency had been established in 1998, amid severe instability in the Japanese financial system, to conduct concentrated inspections of Japanese financial institutions in coordination with the Bank of Japan . The FSA
14-523: The Meiji Restoration , the Ministry of Finance ( 大蔵省 , Ōkura-shō ) was established as a government body in charge of public finance and monetary affairs. It is said that new ministry employees are subtly reminded that the Ōkura-shō predates by some 1269 years when the new Constitution was imposed on the nation by the U.S. occupation forces in 1947. The Ministry has long been regarded as
21-605: The Ministry of Finance but are directed and supervised by the FSA Commissioner in this capacity. Koizumi Fukuda Kan Noda Suga This article related to government in Japan is a stub . You can help Misplaced Pages by expanding it . Ministry of Finance (Japan) The Ministry of Finance ( 財務省 , Zaimu-shō ) is one of the cabinet -level ministries of the Japanese government . The ministry
28-463: The most powerful ministry in the Japanese government . After various financial scandals revealed in the 1990s, however, the Ministry lost its power over banking supervision to a newly established Financial Services Agency . It also lost most of its control over monetary policy to the Bank of Japan when the Diet passed a new Bank of Japan Law in 1998. In addition, it lost its ancient Japanese name when it
35-642: Was named the Ōkura-shō ( 大蔵省 ) until 2001. The Ministry is headed by the Minister of Finance ( 財務大臣 , Zaimu-daijin ) , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister . The Ministry originated in the 6th century, when the Ōkura ( 大蔵 ) was established as a state treasury in ancient Japan. When a modern system of government was introduced after
42-661: Was renamed the Zaimu-shō ( 財務省 ) in January 2001, although its English name remained the same. In financial markets, the Ministry is famous for its active foreign exchange policy. Its top civil servant on the international side, Vice Minister of Finance for International Affairs , is often quoted in the financial press. Former Vice Minister Eisuke Sakakibara was known as "Mr Yen", whereas his successors Haruhiko Kuroda and Zenbei Mizoguchi were often referred to as "Mr. Asian Currency" and "Mr. Dollar", respectively. The Ministry
49-723: Was under the supervision of the Financial Reconstruction Commission (FRC) until January 2001, when the FRC was abolished and the FSA became directly subordinate to the Cabinet Office through a State Minister. The FSA consists of the following organizations: A portion of the FSA's inspection and supervision authority with regard to local financial institutions is delegated to Local Finance Bureaus and Local Finance Offices throughout Japan. These are organs of
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