Central Banking

BoJ’s Miyao pledges continuity of settlements system during planned blackouts

bank-of-japan

Back-up power generators at central bank branches across the country will ensure the smooth functioning of its cash settlement systems ahead of planned blackouts, Ryuzo Miyao, a member of the Bank of Japan's Policy Board, has said.

"In response to the subsequent planned power outage on concerns over power supply shortages, the [Bank of Japan] has been taking all possible measures to stem an interruption in the settlement of funds, partly by continuing its business using in-house power generation

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