The Policy Council of the Bank of Japan (BoJ) decided this Tuesday to maintain its ultra-loose monetary stance, with the reference interest rate at -0.1 %, although it has announced that it will increase flexibility in controlling the yield curve. bond yields, at the same time that it has raised its…
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Bank of Japan
Japan to experimentally test digital currencies
The Bank of Japan announced that it will carry out tests with a digital currency, conceived in response to the boom in digital payment services and cryptocurrencies, and in line with initiatives undertaken by other reference entities.
The…
Bank of Japan to work on the digital yen in 2021
The Bank of Japan, together with other entities such as the Bank for International Settlements (BIS), published a document in which they discussed the development of their own digital currency.
As specified in the text, it is planned to…
Bank of Japan hires an economist to issue digital currencies
The Bank of Japan announced that it has added its main economist to its team to carry out the project to issue its own cryptocurrency, more quickly.
As indicated by various media, the person in charge of this project will be Kazushige…
Japan authorities work on their national digital currency
The Ministry of Finance, the Financial Services Agency and the Bank of Japan collaborate in a project to issue a national digital currency, as announced by The Block.
According to the published information, the three Japanese agencies are…
Banks of the world will create commission to explore cryptocurrencies
Some of the most important central banks in the world are forming a commission that attempts to explore crypto assets, specifically their potential use cases and the creation of central bank digital currencies (CBDC) in their respective…