鈴木 淳人

Though paper-based securities have been widely used, in order to avoid costs of storage and transportation -- and risks of theft and loss -- associated with the delivery of paper-based securities, recent years have seen development of the legal system in Japan with respect to rights in securities based on electronic records. In tandem with this development, legal theory based on paper-based securities has had to be reviewed and modified. By reference to approaches taken in foreign countries, in Japan it will be important to continue discussing judicial reasoning and legislation regarding rights in securities based on electronic records. This article is based principally on the Reports of Workshops in which the Institute for Monetary and Economic Studies at the Bank of Japan served as the secretariat.