Bank of Japan News and Articles

Hiromi Yamaoka, former head of financial settlements at the Central Bank of Japan, advised the public not to use the digital yen in any way. The most surprising thing in this situation is that Yamaoka while working at the Central Bank, was directly involved in the development of the state...

Many central bankers have been criticizing bitcoin a lot lately. This week, the head of the Bank of Denmark generally stated that BTC is an insignificant instrument that does not have any impact on the financial sector. Therefore, credit institutions shouldn't work with cryptocurrency at all. The...

There are a growing number of countries around the world wishing to issue a CBDC. The Japanese authorities have repeatedly stated that, if necessary, the central bank can launch a token pegged to the yen. This week, the head of the Central Bank Haruhiko Kuroda confirmed that the regulator may soon...

The Japanese central bank has announced the creation of a new working group to study CBDC, Reuters reports. A closer study of this issue by the Japanese regulator was prompted by an increase in demand for cashless payments and growing attention to CBDC from other central banks. The group will...

The deputy head of the Bank of Japan, Masayoshi Amamiya, ruled out the likelihood of issuing national digital currency, Reuters reported. According to the official, the issuance of such a means of payment would mean a waiver of fiat money. “Liquidation of cash will make the payment...