Clearly, however, faster growth in Japan and other major industrial countries would support a stronger, more balanced, and more durable recovery than one driven by U.S. growth alone. Although changes in macroeconomic policy in Japan during the past decade have generally been slow and deliberate, there has also been some willingness to experiment, not least by the Bank of Japan (BOJ).
The system enables banks to exchange payment messages with the Reserve Bank and, through the Reserve Bank, between themselves. •  Secure high value fund transfers between participating banks The SAMOS system processes all fund transfer messages received by the Reserve Bank. SAMOS will eventually enable banks to effect their payments in real time through a fully auditable and robust system.