Bank of Japan official Kazushige Kamiyama Photo: REUTERS/Takahiko Wada
tech

BOJ official downplays fears over China's digital currency

12 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Thomson Reuters 2020.

©2021 GPlusMedia Inc.

12 Comments
Login to comment

When I first washed upon these shores Japan was just about to overtake the US as the most economically powerful country in the world.At that time China was nothing more than a backwater wannabe.Fast forward 30 years,after 3 decades of stagnation,and Japan is having to play catchup big time.But because of its patriarchal style of leadership it never will.

6 ( +7 / -1 )

China’s digital currency will soon make inroads into Japan just as Weipay has done...

1 ( +2 / -1 )

China will only end up being on the losing end no matter how hard or what it does to be and overtake the US. It may for a short time do so but it won't last and will be its own doom. It is destiny and can't be changed.

-3 ( +1 / -4 )

The U.S. will only end up being on the losing end no matter how hard or what it does to keep up with China. It may for a short time do so but it won't last and will be its own doom. It is destiny and can't be changed.

1 ( +3 / -2 )

BOJ like Japan itself always does this...

China will be ahead, already are. Most of them pay using their phones. Now they are working on a digital currency. What do we do? Nothing

Samsung, half of Korea becoming more and more rich, getting all the deals overseas, worth billions upon billions! What does Japan do? Nothing

We have allowed S. Korea and foreign companies to bury Japan without a fight, to win without a struggle in sight from Sony or any other company. Shame!

2 ( +2 / -0 )

Japan seems to be out of ideas and is resistant to new trends-one way thinking is the present norm...

2 ( +2 / -0 )

Careful with dark sided China !!..

1 ( +1 / -0 )

"But new technology is invented all the time. Even if you're ahead on the technology available now, you could get locked into what becomes old technology as time passes," he told Reuters.

Very good point he made there. Another good example, is North Korea versus South Korea. Sure, in the 60s, they were well ahead of South Korea at the time. Well take a look at the two countries now. Need I say more?

0 ( +0 / -0 )

And considering how disgrace that China is now, I don’t think we have to worry about them taking over anything regarding digital currency. Not on the world stage anyway. Because in order for that to work, that involves most countries trusting in China. And as we all know, most countries are moving away from China, so I really don’t see this happening.

0 ( +1 / -1 )

@Spitfire yet, I bet you want to live in neither of those countries.

0 ( +0 / -0 )

And as we all know, most countries are moving away from China, so I really don’t see this happening.

Moving away in what form? Cutting formal ties? Cutting trade ties?

As far as I know, investors all around the world kept pouring money into China, since they are the only MAJOR economy who have effectively control the virus. And yes, that is not hoax, that is not lies spread by CCP propaganda. Many Japanese and Westerners in China has posted videos about their lives in China, on YOUTUBE.

You can search for it, if you want proof.

And until this moment right when I type this comment, I haven't found any news that many countries will sever their formal relationship with China.

But your delusion is entertaining, though. Thanks for making me laugh.

-2 ( +0 / -2 )

"But new technology is invented all the time. Even if you're ahead on the technology available now, you could get locked into what becomes old technology as time passes," he told Reuters.

It really looks like he talk about his own country, Japan.

-1 ( +0 / -1 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites