Bank of Japan (BoJ) Releases Results from Proof of Concept Phase 2 and Launches Digital Yen Pilot Program
The Bank of Japan (BoJ) has noted that it will work closely with the private business community in the CBDC pilot program.
Japanese Government to Create Panel to Explore Digital Yen
While there is a plan to set up a panel in April, the Japanese government is also launching a pilot program for the digital yen in the same month.
Bank of Japan to Experiment with Digital Yen in 2023
BOJ Governor stated that a retail CBDC could provide a more secure and seamless way to make settlements in Japan.
Former BOJ Official Says Digital Yen Could Have Adverse Effects on Japanese Economy
By
Tolu Ajiboye
The ex BOJ official, Hiromi Yamaoka, does not subscribe to the idea of using the digital yen to help or improve Japan’s financial system.
Japan’s Digital Yen Plans to Be Clearer by Late 2022, Reveals Govt Official
More details on the design of a CBDC could spark debate on how it could potentially affect financial institutions.
Monex Believes Digital Yen Will Revolutionize Crypto Trading
The Bank of Japan noted last month that initiatives to test its digital yen currency are underway.
Firms in Japan Consider Launching Common Private Digital Currency
By
John K. Kumi
The testing phase will see private banks in Japan fully in charge of issuing private digital currency.
Japanese Lawmakers Pushing for Digital Yen to Counter Chinese Digital Yuan
Japanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.