Bank of Japan ramps up efforts to prepare infrastructure for disaster
Changing payments landscape calls for examinations of business continuity plans
The Bank of Japan is "intensifying its efforts" to prepare market infrastructure in case of a disaster, it announced today (March 16). This includes examining its business continuity plans, and monitoring those in the private sector.
In a payment system report – the first in three years – the bank outlined advances in the payments market, emphasising "an appetite for a variety of payment and settlement services".
While the bank felt payment systems in Japan appeared stable, it noted there were
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