Former Bank of Japan exec says Japan will need years to issue digital yen By Cointelegraph


Former Bank of Japan exec says Japan will need years to issue digital yen

Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency.

In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially triggering massive outflows from private bank deposits.

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