BOJ Dep. Governor Notes Possible Pitfalls Of Central Bank Digital Currency


In a year full of buzz about the possible issuance of central bank digital currencies (CBDCs), an official with the Bank of Japan (BOJ) has stated that the institution will not introduce such a monetary instrument any time soon.

In prepared remarks delivered on April 16 at a conference attended by representatives of the International Monetary Fund and Japan’s Financial Services Agency, BOJ Deputy Governor Masayoshi Amamiya said that while the central bank «does not have a plan to issue its own digital currency at this juncture,» it could be open to such a project «in the future.»

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