BIS central bankers’ speeches  5  Japan has made substantial improvements in the post-trade infrastructure for Japanese government bonds, which have the largest market volume in Asia. Improvements have been made, for example, in aspects of the payment and settlement system, the legislation governing securities settlement, and the tax system for non-residents.
I believe that our experience will also be helpful in promoting the development and stability of financial markets across the Asian region. Working in close cooperation with the relevant institutions, the Bank of Japan hopes to be able to contribute to the development of financial infrastructures in both Japan and the Asian region by sharing the knowledge obtained from our experience.