TOKYO :Japan must cooperate with Europe and the United States in creating a global standard on the technical aspects of issuing a central bank digital currency , the chief of Japan's central bank said on Friday.
Asked by a lawmaker on whether Japan would be able to decide around 2026 whether it can issue a CBDC, Kuroda said:"Personally, I think that's the case." A global front-runner, China has moved much faster on CBDC than Group of 7 nations including Japan. China's central bank said last week it was ready to provide digital yuan payment services to the Beijing Winter Olympics visitors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF urges BOJ to consider targeting shorter-term yieldsTOKYO : The Bank of Japan should consider further steps to make its ultra-easy monetary policy more sustainable, such as steepening the yield curve by targeting a shorter maturity than the current 10-year yield, an International Monetary Fund executive said.Such a move would be on top of steps the central
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan to compile report on quarterly disclosure requirements around springTOKYO: A Japanese government panel tasked with reviewing the need for quarterly corporate disclosure requirements aims to draw up a summary report this spring, Finance Minister Shunichi Suzuki said on Friday (Jan 28). Japanese Prime Minister Fumio Kishida wants to relax quarterly disclosure requirements fo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Studio Ghibli theme park to open in Japan in NovemberA theme park based on the films of top anime studio Studio Ghibli, renowned for titles including the Oscar-winning 'Spirited Away', will open in central Japan on November 1, the studio and local officials said Thursday.
Source: YahooSG - 🏆 3. / 71 Read more »
Iran into World Cup final as Japan, South Korea move closerIran became the first team from Asia to qualify for the 2022 World Cup finals on Thursday with a 1-0 victory over Iraq as Japan and South Korea moved a step closer to Qatar.
Source: YahooSG - 🏆 3. / 71 Read more »
IMF urges Japan to scale back pandemic support, raise taxes long-runTOKYO : The International Monetary Fund urged Japan on Friday to scale back emergency pandemic support, and consider raising taxes on property and capital income once the economy's recovery from the coronavirus pandemic-induced doldrums is firmly in place.While authorities must keep supporting households
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: Ukraine crisis could reverse decades of decline in US military presence in EuropeWithout the threat of the Soviet Union, public opposition to foreign deployments in Europe has increased in the post-Cold War era, say US professors. Ukraine crisis is Russian aggression, started in 2014.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »