Senior Official Says Digital Yen Now ‘Top Priority’ For Japan Central Bank

Senior official says digital Yen now ‘top priority’ for Japan Central Bank. Japanese news outlet The Asahi Shimbun, reports that Takeshi Kimura, departmental director-general, described the digital yen as a chief concern for the central bank.

The BoJ has been experimenting with a digital currency in the central bank (CBDC), but has said no plans to introduce one so far.

The government said this month it would consider the introduction of a digital yen as part of this year’s legislative agenda.
In June, a proposal from the ruling Liberal Democratic Party reported that China’s global lead in CBDC growth might become a challenge to national security.

As of February, senior Japanese lawmakers have called on the government to step up study.

[image: Jezael Melgoza]

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