By linking the BOJ-NET with those systems overseas, we can facilitate such DVP transactions, and this will again contribute to enhancing the efficiency and convenience of the yen and JGBs. In this regard, we are currently continuing discussions with Asian peers concerning regional settlement infrastructure that promotes cross-border securities transactions in the region. 4.
ASEAN+3 initiatives  The kind of cross-border linkage that I have illustrated will contribute to stable daily funding in foreign currencies on an ongoing basis. What kind of technological innovation can make this come true? A possible answer is currently being discussed in the ASEAN+3 countries. They created a forum in which the establishment of cross-border linkage in the region is currently being explored.