There are already important electronic elements of the payments system that have been operating since the 1970s. One is the automated clearinghouse (ACH) through which retail payments can be made electronically. This system is used primarily for pre-authorized recurring payments, such as payroll, corporate payments to vendors, social security benefits, insurance premiums, and utility payments.
Efforts to increase foreigners who stay in Japan for the purpose of tourism and business and prepare an environment that attracts investment from overseas will also be an effective strategy in incorporating global demand and increasing domestic employment together. Second, tap potential domestic demand.