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

Eiichiro Yanagawa
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Eiichiro Yanagawa: 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

Journal of Payments Strategy & Systems, 2018, vol. 11, issue 4, 355-369

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.

Keywords: BOJ-NET; funds transfer system; payment systems; payment services; designated-time net settlement; Japanese government bond (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2018:v:11:i:4:p:355-369

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