Latest Development in the Electronic Settlement System in Japan

This paper examines the latest development in the electronic settlement system in Japan by analyzing it from two points of view : the reason why the e−money−related businesses in Japan have grown so rapidly in the past few years ; and the projection on problems which are expected to arise after the quick prevalence of the use of e−money, with the absence of regulations in the dealing in particular. These analyses are made by taking into account the history of e−money project, ranging from the initial experiments in the U. K. and the U. S. to the recent commercialization efforts in Japan.

論説 (Article)