BAKU, Azerbaijan, April 9. Cooperation in the
banking sector has been discussed between Azerbaijan and Japan,
Trend reports via
the Azerbaijan Banks Association (ABA).
An ABA delegation paid a working visit to Japan on April 8–9 as
part of international experience exchange programs.
As part of the visit, the delegation of the Azerbaijan Banks
Association first met with the Japanese Bankers Association
(JBA).
At the meeting held on April 8, the ABA delegation came together
with the leadership of JBA and experts from relevant
institutions.
The ABA delegation included President Zakir Nuriyev, Executive
Director Yunus Abdulov, as well as representatives of the Central
Bank of Azerbaijan, leading banks of the country, and the
Azerbaijan Credit Bureau.
The Japanese side was represented by JBA Deputy Chairman and CEO
Yasuyuki Matsumoto and his team — Masayuki Saegusa, Yoji Oki, Ayako
Suwa, and Reo Takizawa.
During the meeting, Matsumoto provided information about Japan’s
banking system, the country’s macroeconomic situation, payment
infrastructure, and the development of digital banking.
The ABA delegation, in turn, informed the Japanese side about
digitalization processes in Azerbaijan’s banking sector, the
expansion of payment systems, ongoing reforms in the financial and
banking sectors, and the current regulatory framework.
As part of the visit, the delegation also participated in a
number of high-level meetings with the Japanese Banks’ Payment
Clearing Network, the Cooperation Agency for Anti-Money Laundering,
Mizuho Bank, Money Forward, Inc., and the Central Bank of
Japan.
During these meetings, the parties exchanged views on advanced
international practices in the banking sector, digital assets, the
application of artificial intelligence technologies in finance, and
increasing transparency in financial operations.
The visit outcomes are of significant importance in terms of
further expanding cooperation between the banking sectors of
Azerbaijan and Japan, promoting innovative approaches, and
supporting institutional development.
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