BoJ’s Nakaso sees opportunities for payments innovation
Japan working on a number of new payments options
Bank of Japan (BoJ) deputy governor Hiroshi Nakaso today outlined a range of efforts Japan is taking to improve both domestic and cross-border payments.
In remarks at a banking roundtable, Nakaso highlighted cross-border collateral arrangements, the safety of government bond settlements, cross-border trading in yen and retail payments as areas the BoJ is undertaking or considering.
Japan is currently considering expanding its retail payment systems, which are already close to real time, to
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