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BOJ to launch real-time settlement system Jan. 4

TOKYO, Japan - Kenzo Yamamoto, a counsellor of the Bank of Japan's (BOJ) Financial and Payment System Office, announces at the central bank's head office in Tokyo on Jan. 2 that it will launch a computerized real-time settlement system for the debts banks owe each other on Jan. 4 as planned. The announcement followed final checkups of the Real-Time Gross Settlement (RTGS) system that will apply to the so-called BOJ net, the bank transaction system concerning bond deals and day-to-day banking operations.