In November 2016, the Metropolitan Government of Tokyo established the "Advisory Panel for Global Financial City Tokyo," in which a senior official of the Bank of Japan participated. In the discussion there, FinTech, as well as fostering asset management services, were considered core drivers for promoting financial activities in Tokyo. III.
Initiatives at the Bank of Japan and the Central Bank's Perspective The Bank of Japan is actively promoting FinTech from the standpoint of a central bank. In April 2016, the Bank established the FinTech Center within its Payment and Settlement Systems Department. The Bank has also built up a Bank-wide "FinTech Network" to share information and expertise related to FinTech.