Tagged: boj

April 18, 2021 @ 5:51 pm By Omar Faridi  |  

A senior Bank of Japan (BoJ) official has stated that China’s digital renminbi will not be able to pose a threat to the US dollar’s dominant position as the global reserve currency. As reported by Bloomberg, Kazushige Kamiyama, who heads the BoJ’s payment systems division… Read More

June 5, 2020 @ 3:44 pm By Omar Faridi  |  

Japan’s largest banks will be looking into the potential benefits of using electronic money and digital currencies in order to make banks and cashless payments systems interoperable. The initiative has been launched by Japan’s Mitsubishi UFJ Financial Group, the world’s fifth-largest bank in terms of… Read More

February 2, 2020 @ 6:05 pm By Omar Faridi  |  

The Bank of Japan (BoJ), the nation’s central bank, has been working on a virtual currency project for several years. The BoJ must be prepared to issue digital currencies if technical innovations in international settlement systems will increase consumer demand, the bank’s deputy governor noted… Read More