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The road to an open innovation platform: Making the most of BOJ-NET

Author

Listed:
  • Yanagawa, Eiichiro

    (Senior Analyst in the Asian Financial Services Group, Celent, The Imperial Hotel Tower 13F 1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011, Japan)

Abstract

With a focus on the Bank of Japan Financial Network System (BOJ-NET), this paper examines the possible paths toward an open innovation platform, and discusses initiatives that seek to understand and use the core payment systems and payment service systems in Japan. The Bank of Japan and settlement service operators have worked to revise designated-time net settlement for domestic exchange settlement as well as foreign exchange settlement to introduce deliveryversus- payment for the settlement of Japanese government bonds, corporate bonds and mutual funds. The shortening of the settlement period for Japanese government bonds and other changes are expected in the future.

Suggested Citation

  • Yanagawa, Eiichiro, 2018. "The road to an open innovation platform: Making the most of BOJ-NET," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 11(4), pages 355-369, February.
    • Handle: RePEc:aza:jpss00:y:2018:v:11:i:4:p:355-369
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    More about this item

    Keywords

    BOJ-NET; funds transfer system; payment systems; payment services; designated-time net settlement; Japanese government bond;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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