Central Banking

BoJ preparing for RTGS start on January 4

The Bank of Japan has been preparing for the introduction of the new RTGS system to the BOJ-NET, the Bank's on-line system for the settlement of funds and the Japanese government securities.

Eleven running tests, in which almost all participants in the BOJ-NET have simulated their settlement operations under the new RTGS environment, have been conducted since August 2000. According the the Bank of Japan, the results show that both the central bank and financial institutions have well finished