Bank of Japan begins first digital currency proof of concept
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states. Go to Source Powered by WPeMatico
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The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states. Go to Source Powered by WPeMatico
In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021. Go to Source Powered by WPeMatico
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to … Read more
Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair … Read more
Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency. Go to Source Powered by WPeMatico
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash? Go to Source Powered by WPeMatico
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. Go to Source Powered by WPeMatico
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Go to Source Powered by WPeMatico
Japan’s policymakers appear disconcerted by the advancement in China’s CBDC iniative. Go to Source Powered by WPeMatico
Japan is getting more serious about the digital yen. Go to Source Powered by WPeMatico