The Japan Fair Trade Commission recently released research on competition policy measures to spur growth in FinTech-enabled financial services. The reports may be the opening salvo in a major competition-policy shakeup in the financial sector. With the competitive landscape changing dramatically amid ongoing unbundling of financial functions, a newly formed task force is set to redesign the Zengin System, Japan's interbank payment clearing system. Its progress is worth following.

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About the Author

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  Ryoji Kashiwagi

  Senior Researcher

  Financial Market & Innovation Research Department