Bank of Japan

PEPs & Sanctions

Japan, Korea, US Finance Ministers Hold First Trilateral Meeting

By Editors | 18/04/2024

The ministers agreed to “consult closely” on FX markets and to cooperate on financial stability and the use of sanctions.

Trading & Investment

Japan Launches New Organisation to Boost Financial Literacy

By Editors | 09/04/2024

The new organisation will aim to enrich financial and economic education and contribute to improving financial literacy in Japan.

Tokenisation

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

Emerging Prudential Risks

BOJ Raises Interest Rates for the First Time in 17 Years

By Editors | 19/03/2024

The BOJ also abolished its yield curve control policy, which it has used since 2016 to cap the yields of 10-year JGBs.

CBDCs

BOJ to Catalogue Legal Issues for CBDC by April

By Editors | 31/01/2024

BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.

CBDCs

Japan: Expert Panel Calls for CBDC Preparations to Start

By Editors | 14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.

Market Risk

BOJ Pledges More Flexibile Yield Curve Control Policy

By Editors | 01/11/2023

The BOJ said its strict cap on long-term interest rates would in principle have “strong positive effects”, but that it could also entail “large side effects”.

Payments & Settlements

Japan FSA Orders Report Explaining Zengin-Net Outage

By Sanday Chongo Kabange | 18/10/2023

Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

Payments & Settlements

UPDATED – Japan Suffers Payment Clearing Network Disruption

By Editors | 11/10/2023

Zengin-Net restored its system in the early hours of Thursday (12 October). The FSA ordered the production of a detailed report of the incident.