Bank of Japan News

The Bank of Japan’s executive director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.

The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly to discuss digital assets to be used to skirt sanctions.

Hiromi Yamaoka is currently heading a private forum of 74 companies that are planning to launch a private digital currency.

Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements.

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.