Central Banking

BoJ to implement next-generation RTGS project

The Bank of Japan said Friday it has decided to implement the next-generation real-time gross settlement (RTGS-XG) project.

The project consists of 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 RTGS mode of the BOJ-NET Funds Transfer System. Second, the Bank will modify the BOJ-NET Funds Transfer System in order to incorporate large-value payments that are

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