Bank of Japan to Start Digital Currency Experiments Next Year
(Bloomberg) — The Bank of Japan said it aims to start early phase experiments next year on issuing a digital currency in order to be ready should demand for one rise quickly.
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Pedestrians walk past the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Monday, Sept. 14, 2020. The Bank of Japan left its bond-purchase amount unchanged at a regular operation on Monday.
“From the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, the bank considers it important to prepare thoroughly to respond to changes in circumstances in an appropriate manner,” the BOJ said in a report released Friday.

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While the BOJ reiterated it has no immediate plans to issue a digital currency, today’s report suggests it is trying to keep up with peers including the People’s Bank of China, which has been studying the topic for