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Japan: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability

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  • International Monetary Fund

Abstract

Japan’s financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, the pace of digitalization in Japan has increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and beyond, make Japan vulnerable to evolving cyber threats. The Financial Services Agency (FSA) and Bank of Japan (BOJ) have made progress in enhancing the cyber resilience of the financial sector, but further work and enhancements are needed.

Suggested Citation

  • International Monetary Fund, 2024. "Japan: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability," IMF Staff Country Reports 2024/113, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/113
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