In view of this, BSP reaffirms its 3/4  BIS central bankers' speeches  commitment to complement government’s broader efforts to address the pandemic. BSP continues to have ample monetary policy space to deal with potential risks to liquidity and growth owing to the health crisis.
Checking accounts are frequently used in the United States, but not everyone can write a check, nor can they do so every time they want to. In contrast, in Japan ordinary deposits allow payment transactions on an unlimited basis while bearing interest. Taking this feature into account, ordinary deposits in Japan are indeed a value-added financial service.