Corrected 30 September 2016.
Imagine that the $j$ dominoes have been placed. Paint one of them red, and break the ring immediately to its left. You now have a row of $2n$ places, $2j$ of which are covered by dominoes, including in particular the first two places. Number the dominoes from left to right, starting with the red one: $D_1,D_2,\dots,D_j$. The $n-2j$ uncovered places occur in $j$ blocks, some of which may be empty: after $D_j$, and between $D_k$ and $D_{k+1}$ for $k=1,\dots,j-1$. Counting the number of ways to distribute $2n-2j$ indistinguishable objects $-$ the uncovered places $-$ amongst $j$ distinguishable containers $-$ the spaces between adjacent dominoes and after $D_j$ $-$ is a straightforward stars-and-bars problem, and the answer is
$$\binom{(2n-2j)+j-1}{j-1}=\binom{2n-j-1}{j-1}\;.\tag{1}$$
However, the red domino could have occupied any of $2n$ different positions around the ring, so each of these arrangements actually corresponds to
$$2n\binom{2n-j-1}{j-1}\tag{2}$$
arrangements of one red and $j-1$ plain dominoes around the ring. On the other hand, in each arrangement of $j$ plain dominoes around the ring we could have chosen any of the $j$ dominoes to be the red one, so $(2)$ actually counts each arrangement of the plain dominoes $j$ times. The final result is therefore
$$N_{2n,j}=2n\cdot\frac1j\binom{2n-j-1}{j-1}=2n\cdot\frac1{2n-j}\binom{2n-j}j=\frac{2n}{2n-j}\binom{2n-j}j\;.$$
If you’re not familiar with the identity $$\frac1k\binom{n-1}{k-1}=\frac1n\binom{n}k\;,$$ expand both sides in terms of factorials. In the form $n\binom{n-1}{k-1}=k\binom{n}k$ it also has a very easy combinatorial proof: both sides calculate the number ways to choose a team of $k$ from a pool of $n$ players and appoint one member of the team to be its captain.