Representative Office in Tokyo celebrates anniversary

The Deutsche Bundesbank has maintained a Representative Office in Japan for 30 years. To mark the occasion of the anniversary, the Bundesbank invited the Governor of the Bank of Japan, Haruhiko Kuroda, and other selected guests to a reception on 22 May. The direct market access to Asian trading provided by the local office benefits the Bundesbank in the management of national foreign reserves. The Representative Office is run by Gudrun Moede.

Bundesbank Executive Board member Andreas Dombret thanked the Japanese central bank for the effective cooperation and support in the Bundesbank's trading activities in Japan. "Our team has done an excellent job over the past 30 years by playing a vital role in the exchange between the Bundesbank and the Bank of Japan as well as the Japanese Government," commented Dombret. "Close personal ties and an understanding of where the other side is coming from are more important than ever - especially during times of heated debate." The Governor of the Bank of Japan, Mr Kuroda, also emphasised the importance of close cooperation between the two central banks in his speech.