CBDC launch still on the table, BoJ says

Senior official dismisses media reports on cancellation of CBDC plans

Yen on computer screen

The Bank of Japan said today (August 8) it has not scrapped its preparations for a potential launch of a central bank digital currency (CBDC), dismissing reports by a number of media outlets.

Tomohiro Sugo, head of the payment and settlement system division, tells Central Banking that the BoJ is still open to the idea of launching a digital yen in future.

“The Bank of Japan continues preparing for the possible issuance of CBDC in the future and it has not quit its preparations,” says Sugo.


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