Former Central Bank Official: Japan Should Take a Digital Yen Seriously

[Galaxy]

Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a central bank digital currency (CBDC), said Tetsuya Inoue, formerly of the Bank of Japan (BoJ) and now a chief researcher at the Nomura Research Institute. Inoue is the author of a book on a digital yen.

Inoue told CoinDesk Japan in a recent interview that as Japanese banknotes are highly trusted, and there isn’t a considerable unbanked population, there is no rush to issue a digital currency.
Info link: https://www.coindesk.com/japan-digital-yen