Corporate LawLast updated: 2026-09-082 min readPublic-source summary

Final Promissory Note Issuance Date Is 30 September 2026: JFTC Requests Payment Practice Reform

This article compiles what Japanese government bodies have published, together with the statutory text. Links to the primary sources are included. For a specific matter, pleasecontact us.

Key Takeaways

  • ✓On 2 September 2026 the JFTC issued requests to industry associations and to financial institutions and their supervising ministries
  • ✓Many financial institutions have set 30 September 2026 as the final date for issuing promissory notes and cheques
  • ✓Clearing of promissory notes and cheques at the Electronic Clearing House ends on 31 March 2027
  • ✓Under the Toritekihou, paying by promissory note is prohibited for orders placed on or after 1 January 2026
  • ✓Other non-cash means are also prohibited where the full amount cannot be received by a due date set within 60 days of receipt
  • ✓The antimonopoly payment notification takes effect 1 April 2027 and prohibits non-payment beyond 60 days from receipt
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On 2 September 2026 the Japan Fair Trade Commission announced that it had issued requests concerning payment practices across supply chains, ahead of the abolition of promissory notes. The requests were addressed to industry associations in each sector, and to financial institutions and the ministries supervising them.

This page sets out what has been published, together with the statutory wording.

Timeline

DateItem
1 January 2026Toritekihou in force
30 September 2026Final date for issuing promissory notes and cheques set by many financial institutions
31 March 2027Clearing of promissory notes and cheques at the Electronic Clearing House ends
1 April 2027Antimonopoly payment notification takes effect

Requests to industry associations

  • Under the Toritekihou, paying by promissory note is prohibited for orders placed on or after 1 January 2026
  • Other non-cash means, including electronically recorded monetary claims and collective settlement arrangements, are also prohibited where the full amount cannot be received by a payment due date set within 60 days of receipt of the goods
  • Commissioning and receiving businesses should confer, understand the payment notification, and set appropriate payment dates
  • Work towards appropriate payment practices across the supply chain
  • Move from promissory notes and cheques to electronic settlement services

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Requests to financial institutions

  • Respond to consultations on cash-flow support
  • Explain and communicate carefully and reliably to businesses
  • Support a smooth transition to electronic means of settlement

The payment notification

The payment notification takes effect on 1 April 2027. According to what has been published, it prohibits a business that has placed a manufacturing or similar order from failing to pay the corresponding amount more than 60 days after receiving the goods, even where the transaction falls outside the Toritekihou.

Sources

  • Japan Fair Trade Commission, request of 2 September 2026: https://www.jftc.go.jp/yakusokutegata_yousei.html
  • Toritekihou (e-Gov): https://laws.e-gov.go.jp/law/331AC0000000120

This page is compiled from material published by government agencies and from statutory text. Please consult a lawyer where a decision is needed on a specific transaction.

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This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.

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