Bank of Japan News

Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?

The Bank of Japan is keen to ensure the seamless integration of its central bank digital currency with the existing payment architecture.

The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued.

The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility.

The first phase of Japan’s CBDC pilots will have been completed by March 2022, the central bank states.

Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee.

In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021.

Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency.

Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash?

A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits.

Canada's central bank recognizes that CBDCs are a necessarily international issue.

Japan's policymakers appear disconcerted by the advancement in China's CBDC initiative.

Japan is getting more serious about the digital yen.

In a recent document from the Bank of Japan, the central bank stressed the need for offline availability.

China might gain control over global CBDC standards, a Japanese official warns.