Bank of Japan makes legal reserves application

The Bank of Japan applied to the Minister of Finance on 15 May to retain an extra ten-hundredths of its net income, as the legal reserve for Fiscal 2002.

Source: Bank of Japan

Application for Authorization Regarding the Amount of the Bank's Legal Reserve in Accordance with Article 53, Paragraph 2 of the Bank of Japan Law, 15 May.

To maintain its financial soundness, the Bank of Japan decided to retain 89.1 billion yen, which is an amount equivalent to fifteen-hundredths of its net income, as the

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