{
  "id": 6130269,
  "title": "Japan Preparing for Abolition of Paper Promissory Notes, Checks",
  "url": "https://urgent.news/2026/09/07/japan-preparing-for-abolition-of-paper-promissory-notes-checks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T10:43:59.000Z",
  "source": {
    "name": "Nippon.com News",
    "slug": "nippon-com-news",
    "url": "https://www.nippon.com/en/news/yjj2026090500328/"
  },
  "original_language": "en",
  "account": "Financial institutions across Japan aim to discontinue the issuance of paper promissory notes and checks by September 30, 2023, in preparation for their complete abolition in March 2024. This transition is necessary to facilitate the shift towards internet banking and electronic payment services. From October 1, 2023, payments from checking accounts using paper promissory notes and checks will no longer be permitted. The Japanese Bankers Association, along with other organizations, is encouraging the use of such financial instruments, primarily by small and medium-sized businesses, to transition to electronic payment services. The JBA's subsidiary operates a system for electronically recorded monetary claims. Promissory notes and checks, once popular for settlement between companies, have faced issues such as the risk of loss or theft and delayed fund credits. Digitizing these procedures is anticipated to decrease the related workload and costs.",
  "summary": "Tokyo, Sept. 7 (Jiji Press)--Many financial institutions in Japan are set to end the issuance of paper promissory notes and checks on Sept. 30, ahead of the abolition of their use in March next year, to ensure a transition to internet banking and electronic payment services. From Oct. 1, payments from checking accounts via paper promissory notes and checks will no longer be available in prin...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}