Start of Operations of the New JGB Book-entry System Based on the Transfer of Corporate Debt Securities Law

January 27, 2003
Bank of Japan

On January 27, 2003, the Bank of Japan abolished the existing JGB Book-entry System and started to operate a new JGB Book-entry System based on the Law Concerning Book-Entry Transfer of Corporate and Other Debt Securities (Law No. 75 of 2001, hereafter the "Transfer of Corporate Debt Securities Law").

The Bank of Japan is grateful to the many parties that cooperated in preparing for the new JGB Book-entry System.The Bank of Japan hopes that the new JGB Book-entry System will further improve efficiency in the safekeeping and settlement of JGBs, and it continues to strive to improve the safety and efficiency of JGB settlement.