BOJ Official Says Digital Yuan is Unlikely to Dominate the World

The transcript discusses the potential of a central bank digital currency (SEBD) in Japan, emphasizing the need for technological advancements and public support. It highlights global trends, such as China's digital yuan, and the importance of international cooperation among central banks. The Bank of Japan is exploring technological options for a digital yen, considering the evolving landscape of digital currencies.

What is the Bank of Japan's stance on issuing a central bank digital currency (CBDC)?

How does the Bank of Japan plan to prepare for the potential issuance of a digital currency?

What challenges does the Bank of Japan face in the context of digital currency issuance?

What factors does the Bank of Japan consider important for public support in issuing a new currency?

What is the significance of international cooperation among central banks regarding digital currencies?