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Payment and Settlement Systems Report 2006

July 25, 2007
Payment and Settlement Systems Department
Bank of Japan

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Abstract

This report reviews developments in payment and settlement systems in Japan during 2006 and the first quarter of 2007. It also discusses the three issues that have emerged as a result of those developments, and the steps that have been taken to address them.

Overall, the BOJ-NET Funds Transfer System continued to achieve smooth processing of payments, with participants appropriately controlling the timing of their intraday payment flows, even in the context of a rapid increase in the value and volume of payments. Private-sector payment and settlement systems continued to achieve smooth processing of payments while maintaining an appropriate level of risk management.

At the participant level, it has become increasingly important to further improve the intraday management of liquidity and payment flows. At the system level, the growth in volume of payments and securities transfers has also highlighted the importance of enhancing operational and system capabilities.

This is an abridged English translation of the Payment and Settlement Systems Report 2006 originally published in Japanese on July 18, 2007. The full report is available only in Japanese.

Notice

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Payment and Settlement Systems Department, Bank of Japan
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