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The road to an open innovation platform: Making the most of BOJ-NET
Journal of Payments Strategy & Systems,
11
(4),
355-369
(2018)
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
The full article is available to subscribers to the journal.
Author's Biography
Eiichiro Yanagawa is a Senior Analyst in the Asian Financial Services group at Celent and is based in the firm’s Tokyo office. His research focuses on information technology (IT) strategy issues in the Japanese and Asian banking and financial industries. His recent research has included core banking systems, ATMs, anti-money laundering technology, electronic trading, IT spending trends and business process outsourcing. He earned his MBA at Hitotsubashi University Graduate School of Commerce and Management.
