15 October 2020
By Evan Fitzgerald
Japan is getting more serious about the digital yen.
Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official.
Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes that Japan must revise a law stipulating the Bank of Japan’s (BoJ) mandate and responsibilities regarding the development of a CBDC. ...