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Some issues related to the Japanese financial system raised by the amendment of Payment Act in 2020

Author

Listed:
  • Katsutoshi Takehana

    (Graduate School of Economics, Osaka University)

  • Hisashi Tanizaki

    (Graduate School of Economics, Osaka University)

Abstract

In this paper, we tried to evaluate the changes about the Funds Transfer Service that have been changed by the amendment of Payment Acts in 2020 and extract issues suggested by this change. In particular, the newly introduced gregulation on the retention of user fs money h can be evaluated as being consistent with the actual situation of funds transfer service providers and existing legal systems such as Investment Law. On the other hand, it can be also evaluated that this changes raised substantial issue related to the legal aspect of financial system how sustainable the current boundary between banks and fund transfer service provider is.

Suggested Citation

  • Katsutoshi Takehana & Hisashi Tanizaki, 2021. "Some issues related to the Japanese financial system raised by the amendment of Payment Act in 2020," Discussion Papers in Economics and Business 21-18, Osaka University, Graduate School of Economics.
  • Handle: RePEc:osk:wpaper:2118
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    File URL: http://www2.econ.osaka-u.ac.jp/econ_society/dp/2118.pdf
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    More about this item

    Keywords

    Payment Act; Funds transfer service provider; Bank; regulation on the retention of user fs money;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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