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Institute for Monetary and Economic Studies

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The Institute for Monetary and Economic Studies (IMES) is an internal research organ of the Bank of Japan founded in October 1982.

Last updated September 16, 2026

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Overview

The Institute for Monetary and Economic Studies (IMES) is an internal organ of the Bank of Japan, founded in October 1982 in commemoration of the Bank's centennial. It conducts a wide range of studies on the theoretical, institutional, and historical aspects of monetary and economic issues with the aim of establishing an appropriate background for monetary policy, functions as a vehicle for exchange of views with academic circles at home and abroad, and collects and provides the public with monetary and economic research.

History

IMES was founded in October 1982 as an internal organ of the Bank of Japan, in commemoration of the Bank's centennial. Its stated purposes include enhancing basic research on the theory, institutions, and history of monetary economics to support the appropriate conduct of Bank of Japan policy (building the backbone of policy), promoting exchange with academic circles, and publicly providing various information and materials to facilitate external research activities. Its research activities cover theoretical and empirical research on fundamental monetary and economic issues; research on institutional foundations related to finance (laws, accounting, central banking systems, etc.); research on information technology related to finance; historical research on monetary economics; and the collection, preservation, and public release of historical materials on monetary economics (archives and the Currency Museum). It invites Councillors and Visiting Scholars, holds conferences, and issues publications including 金融研究, Monetary and Economic Studies, the IMES Discussion Paper Series, the 金研ニュースレター, and conference proceedings. The Center for Information Technology Studies (CITECS) was established on April 1, 2005.

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