The Bank is concerned that the appreciation of the yen could have adverse effects on Japan’s economy – mainly through a decrease in exports and corporate profits as well as deterioration in business sentiment – in the current phase, in which there is high uncertainty regarding the outlook for overseas economies.
enterprise resource planning systems) and the systems operated by banks. New standards will allow account-related information to be handled more efficiently. Corporates will also receive additional information on their bank statements thanks to SEPA. 2  “SEPA: potential benefits at stake – Researching the impact of SEPA on the payments market and its stakeholders”, Capgemini Consulting.