In this regard, all related parties, that is, financial institutions, the steering bodies of private payment systems and the central bank, need to be in close contact and make efforts to discharge their respective responsibilities. The Bank of Japan provides a settlement service called BOJ-NET.
BOJ-NET is the core settlement system for yen funds and government securities and is participated in by major financial institutions and private payment systems. We continue to make efforts to accurately grasp new waves of innovation in information and communications technology and to make our settlement systems support the advances of financial institutions and private payment systems.