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Bank of Japan Governor Ueda spoke on Central Bank Digital Currency.

Bank of Japan Governor Ueda:

  • Any decision by other countries on whether to issue CBDC could offer
    us input on pros and cons of issuing CBDC in Japan
  • Overseas
    developments may affect Japan’s decision on whether to issue CBDC
  • Cannot offer any
    specific timing now on whether Japan can reach decision on whether to
    issue CBDC or not
  • Rather than trying to issue CBDC swiftly, I would prioritise issuing
    CBDC in an appropriate way that benefits the broader public

This article was written by Eamonn Sheridan at www.forexlive.com.

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