Reviewing the major monetary policy changes from the world’s central banks this year, it’s clear that there is the need for an alternative.
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to […]
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Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair […]
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Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency.
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash?
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits.
Canada’s central bank recognizes that CBDCs are a necessarily international issue.
Japan’s policymakers appear disconcerted by the advancement in China’s CBDC iniative.
Japan is getting more serious about the digital yen.
In a recent document from the Bank of Japan, the central bank stressed the need for offline availability.