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MarketScreener Homepage  >  Currencies  >  Euro / Japanese Yen (EUR/JPY)    EURJPY   

EURO / JAPANESE YEN (EUR/JPY)

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BOJ will continue experiments for issuing CBDCs - Kuroda

09/23/2020 | 02:53am EST

The Bank of Japan will work closely with overseas central banks in conducting experiments on issuing its own digital currency in the future, BOJ Governor Haruhiko Kuroda said on Wednesday.

"The BOJ does not have any plan to issue central bank digital currencies (CBDC) now," Kuroda said in an online meeting with business leaders in Osaka, western Japan.

"But technology progresses rapidly, which means the public's request for us to issue CBDCs could heighten sharply," he said. "It's therefore important for us to be ready with close cooperation with overseas central banks."

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)


© Reuters 2020
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