Law on the Central Bank of Japan requested the BOJ has ultimate responsibility in implementing the monetary policy. Clause 2, Article 3 of the Law on the Central Bank of Japan stipulates that "there shall BOJ clarified for the citizens of Japan for the content of the decision making process as well as decisions relating to monetary and testing monetary control. Based on this provision, the BOJ has provided a lot of information, not only because the provisions of the Law, but also because the BOJ said that the transparency of information about the decisions and decision-making processes related to monetary policy of the central bank will increase the effectiveness of monetary policy. for example, in May 3/2006, issued publicly BOJ "Introduction to the new framework for the policy management of money fall". Accordingly, the BOJ is implementing monetary policy on three factors: (1) the BOJ policy direction to the goal of price stability through the introduction of inflation targets that the BOJ Executive Board members said that the inflation rate will ensure price stability over the medium to long term. BOJ will conduct monetary policy to control inflation within its objectives; (2) BOJ assess economic activity and prices from two perspectives, including economic outlook is expected to go right with the BOJ on economic activity and prices in the next 2 years and the economic outlook taking into account the different risks in the implementation of monetary policy in the first term; (3) The BOJ introduced the current opinion on monetary policy based on the outline of the economic outlook according to 2 BOJ mentioned opinion. To make monetary policy in a manner consistent practice, the work of system Statistics data as well as the conduct of research and investigation is very important. To properly understand the economic situation and financial Japan, the BOJ is not just based on statistics and research in countries that have conducted both overseas and across the globe. In this aspect, the BOJ maintained close relations with the central banks and international organizations.
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