Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

Information about Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

Kevin David Scam or Legit


By Leika Kihara
TOKYO (Reuters) – Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential challenge to the global economic order.
The government has increased staff looking into legal and technical aspects of issuing a central bank digital currency (CBDC), which are digital forms of existing currencies.
While the political attention has yet to translate into any other direct investment, it is also likely to keep the Bank of Japan (BOJ) under pressure to shift away from its cautious, baby-step approach toward issuing a digital yen, analysts say.
“We must think about what could happen to Japan’s national security if other countries move ahead on CBDC,” said Takayuki Kobayashi, a …

Read More on Datafloq

Breaking Story – Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

The Latest News on Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist

Source link
Category – Automation

Leave a Reply

Your email address will not be published.