Japan to End Promissory Note Exchanges at Electronic System

Tokyo, March 24 (Jiji Press)--The Japanese Bankers Association, or Zenginkyo, plans to terminate the exchanges of promissory notes and checks at its national electronic clearing system in April 2027. Companies and financial institutions will still remain able to exchange such financial instruments among them including by mail. However, many financial institutions will stop handling promiss...

Japan to End Promissory Note Exchanges at Electronic System
Tokyo, March 24 (Jiji Press)--The Japanese Bankers Association, or Zenginkyo, plans to terminate the exchanges of promissory notes and checks at its national electronic clearing system in April 2027. Companies and financial institutions will still remain able to exchange such financial instruments among them including by mail. However, many financial institutions will stop handling promiss...