The Ministry of Finance of Japan is one of the cabinet departments of the Japanese government. The Minister of Finance heads the Finance Ministry in Japan. At present, the Finance Minister of Japan is Fukushiro Nukaga. Fukushiro Nukaga is a member of the Japanese cabinet and has been appointed by the Prime Minister of Japan.
Previously, the Finance Ministry of Japan was known as Okura-sho. The principal objective of the Japanese Finance Ministry is to regulate and oversee the financial affairs and public finance in Japan. For a long a period of time, the Finance Ministry of Japan was considered to be the most powerful cabinet department of the government of Japan.
However, over the passage of time, some of its responsibilities have been handed over to the Financial Services Agency in Japan and the Bank of Japan (after the Bank of Japan Law was passed in the year 1998.).
The Finance Ministry of Japan is well known for its forex or foreign exchange policies in the global financial market.
The functional divisions of the Japanese Finance Ministry can be categorized into the following types:
Customs and Tariff Bureau
Functions of Facilities:
Customs Training Institute
Policy Research Institute
Central Customs Laboratory
Activities of Local Branch Offices:
Local Finance Bureau
Activities of Independent Bodies:
National Tax Agency
The independent administrative bodies under the regulation of the Ministry of Finance of Japan are the following:
Japan Housing Finance Agency
National Printing Bureau of Japan
National Research Institute of Brewing
Nippon Automated Cargo Clearance System
Commemorative Organization for the Japan World Exposition 1970
Ministry of Finance, The Japanese Government
3-1-1 Kasumigaseki Chiyoda-Ku Tokyo 100-8940
Tel: 81-3-3581-4111 (9:00-18:00 JST)
Last Updated on : 1st August 2013