The Policy Board has been receiving reports and explanations from time to time regarding business conditions of Japanese financial institutions and risk assessment of the financial system. In addition, starting from this April, the staff members of the Financial System and Bank Examination 21 The Great Inflation started before the oil shocks in the 1970s.
They may reveal where the inefficiencies of mainstream solutions lie and change the way we think about the “service aspect” of payments, but we should not forget that they often imply financial or security risks, which need to be weighed up against the benefits. My philosophy is to learn from these solutions so as to make genuine payment services more secure and efficient.