Despite the tremendous shock caused by the earthquake, we have managed to maintain the working of the financial system and secure the smooth operation of payment and settlement systems. The Bank of Japan Financial Network System, or BOJ-NET, which plays a core role in the payment and settlement of funds and Japanese government securities, has maintained stable operations after the quake without any disruptions.
The Bank’s Fukushima branch, which is located about 40 miles from the Fukushima Daiichi Nuclear Power Plant, also continued with business as usual.