Japanese payment & settlement systems functioning normally after earthquake

The central bank, the Bank of Japan has reported no disruptions to its operations following the massive offshore earthquake that occurred on March 11.

There was no substantial damage to any of the buildings of the central bank or its branches. The Bank's business operations, including operations at the windows, are carried out as usual. The BOJ-NET settlement system is functioning normally.

The Bank set up a disaster management team at its Head Office headed by the Governor, immediately after the earthquake, to assess the impact of the earthquake on financial markets as well as on financial institutions' business operations and to respond as necessary.

The Bank indicated that it will do its utmost, including the provision of liquidity, to ensure the stability in financial markets and to secure the smooth settlement of funds.