TOKYO: The Bank of Japan on Thursday (Jul 20) kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various
TOKYO: The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use.
The BOJ has said no decision has been made yet on whether Japan will actually issue a digital yen, which must be made by the government and parliament. Aside from megabanks and regional lenders, the group included electronics giant Sony, convenience store operator Lawson, the financial arm of auto giant Toyota as well as East Japan Railway.
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