Central Banking

Proposal for BOJ's next-generation RTGS project

The Bank of Japan has released a consultation document on the proposal for the next generation of the BOJ-NET Funds Transfer System.

In the consultation document, the Bank proposes to implement two measures with a view to further enhancing the safety and efficiency of large-value payment systems in Japan. First, the Bank will introduce liquidity-saving features into the real-time gross settlement (RTGS) mode of the BOJ-NET Funds Transfer System. Second, the Bank will modify the BOJ-NET Funds

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