BoJ’s Kawai: Not considering issuing a digital currency because there is no demand

Dhwani Mehta FXStreet

Bloomberg reports comments from Yuko Kawai, the head of the Bank of Japan (BoJ) FinTech division, delivered in an interview published Sunday.

Key Points:

“We aren't at the stage of considering issuing a digital currency because there is no demand."

"To begin with, do we really need a digital currency in the nation where cashless living isn't making much progress?"

Bitcoin is not a currency but a commodity for speculative trading.

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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