BOJ’s Amamiya: BOJ has no plan to issue digital currency in near future

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) Deputy Governor Amamiya is on the wires now, via Reuters, making a scheduled appearance in the parliament.

Key Headlines:

Many central banks have no plan to issue digital currencies in near future but willing to do research.

BOJ also has no plan to issue digital currency in near future.

Japan has been slow in shifting to cashless society but usage of cashless settlement may expand rapidly in future.

Some academics say central bank digital currencies would allow c. banks to more effectively apply negative rates, but no c. bank is thinking of doing this.

Don't think central bank digital currency would help promote competition in private retail settlement market.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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