The Bank of Japan is the central bank of Japan. The bank is often called Nichigin for short. It is headquartered in Nihonbashi, Chūō, Tokyo. The said bank is a corporate entity independent of the Japanese government, and while it is not an administrative organisation of the state, its monetary policy falls within the scope of administration. From a macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality. Wikipedia