| 財務省 Zaimushō | |
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.jpg) Ministry of Finance building inKasumigaseki[1] | |
| Agency overview | |
|---|---|
| Formed | June 1, 2001 (2001-06-01) |
| Preceding agency |
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| Jurisdiction | Government of Japan |
| Headquarters | 3-1-1Kasumigaseki,Chiyoda-ku,Tokyo, Japan 〒100-8940 |
| Ministers responsible |
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| Child agency | |
| Website | mof.go.jp |
TheMinistry of Finance (財務省,Zaimu-shō) is one of thecabinet-level ministries of theJapanese government. The ministry was named theŌkura-shō (大蔵省) until 2001. The Ministry is headed by theMinister of Finance (財務大臣,Zaimu-daijin), who is a member of the Cabinet and is typically chosen from members of theDiet by thePrime Minister.
The ministry's history dates back to the 6th century in ancient Japan. After the Meiji Restoration, the Ministry of Finance was established. The ministry's power over banking supervision was split to the newly establishedFinancial Services Agency in 1990s.
The Ministry originated in the 6th century, when the Ōkura (大蔵) was established as astate treasury in ancient Japan. When a modern system of government was introduced after theMeiji 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.[2]
The Ministry has long been regarded as the most powerful ministry in theJapanese government. After various financial scandals revealed in the 1990s, however, the Ministry lost its power over banking supervision to a newly establishedFinancial Services Agency. It also lost most of its control over monetary policy to theBank of Japan when the Diet passed a new Bank of Japan Law in 1998. In addition, it lost its ancient Japanese name when it was renamed the Zaimu-shō (財務省) in January 2001, although its English name remained the same.[3]
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 MinisterEisuke Sakakibara was known as "Mr Yen",[4] whereas his successorsHaruhiko Kuroda andZenbei Mizoguchi were often referred to as "Mr. Asian Currency" and "Mr. Dollar", respectively.
The ministry has been criticized for attempting to stop major media networks from broadcasting negative informations against the ministry, mainly by hounding newspapers and others until a mistake is found in the declaration of incomes, whether it is a minor one or not. Among the newspapers and other media networks affected by this action areChunichi Shimbun,Sankei Shimbun,Kyodo News, and more.[5] Following the2024 Japanese general election, criticisms against the ministry skyrocketed, mainly due to the ministry hesitating to pass a proposal by theDemocratic Party For the People to reduce the income taxes. The ministry was compared to theAum Shinrikyo on the internet, with the ministry nicknamed "Zaimu Shinrikyō"(ザイム真理教) on social media platforms.[6] Several protests calling for the dissolution of the ministry in front of the ministry were held from February 21, 2025.[7][8] The protests, initially at the size of around a thousand spread across cities, with organizers holding protests in regional cities such asFukuoka andTakamatsu.[9] The lack of initial media attention towards this protest compared to others was criticized on the internet.[10][11] The protests themselves received mixed reactions, withHiroyuki Nishimura describing the protests as "a waste of time, money, and power", criticizing the protests' lack of force to cause any changes. Nishimura cited French protests in the interview, referring to how buildings weretorched during protests.[12] Shigeru Ishiba denied the accusation that the ministry held too much power over both deciding budgets and taxes, referring to how countries such as United States had similar systems.[13] People who attend these demonstrations tend to be supporters of theReiwa Shinsengumi andSanseito, as well as those steeped in conspiracy theories.[14]
The Ministry is organized in six bureaus that provide the overall functions of the ministry:[15]
SixIndependent Administrative Institutions are under the Ministry's control:
Media related toMinistry of Finance (Japan) at Wikimedia Commons35°40′23″N139°44′56″E / 35.673°N 139.749°E /35.673; 139.749
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