BOJ-NET is the Bank of Japan Financial Network System. It is the central infrastructure used for funds transfers and settlement of Japanese government securities between the Bank of Japan and participating institutions, with funds transfers processed using real-time gross settlement.
A company does not ordinarily send a supplier payment by logging into BOJ-NET. Its bank provides the customer product, while BOJ-NET supports eligible interbank and central-bank settlement behind the service.
BOJ-NET in a domestic payment chain
- The company gives its bank a properly authorized transfer instruction.
- Banks exchange or clear the relevant customer payment information through the appropriate system.
- Interbank obligations settle through central-bank accounts using BOJ-NET where applicable.
| Checkpoint | What finance should confirm |
|---|---|
| Customer channel | The bank portal or file service used by the business. |
| Clearing | The exchange and calculation of obligations between institutions. |
| Settlement | Final transfer of value between institutions in central-bank money. |
BOJ-NET compared with nearby terms
BOJ-NET is not another name for the Zengin System. The systems perform different roles and connect within Japan's wider payment infrastructure.
Related definition: Zengin System.
Source and business-payment context
Bank of Japan: What is BOJ-NET?
For cross-border supplier payments, compare the rail, currency conversion, fees and recipient requirements before release. See Quotable Payments and international vendor payments.
