The Bank plays a multi-faceted role in the field of payments and settlements, too. First, the Bank provides account and settlement services for the Japanese yen and JGBs.
Second, the Bank encourages the operators of private-sector payment and settlement systems to maintain and enhance the safety of their services, an important activity which is commonly called “central bank oversight.”1 Third, the Bank cooperates with market participants and supports your initiatives to review and improve market practices related to trading, payment, clearing and settlement.