BOJ to begin feasibility study on digital currency in April


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


©2022 GPlusMedia Inc.

Login to comment

I can’t imagine baachans across Japan ditching their 10,000 notes and switching to a BOJ cryptocurrency, nor many other groups to be honest.

0 ( +1 / -1 )

If you take a little time to understand what a CBDC is and how it works you will realize that if this is implemented then eventually there will be no fiat paper currency in circulation but rather a digital fiat currency issued by the Bank of Japan.

In order to participate in the economy ( buying and selling goods and services ) you will need to use CBDC. Once the currency has been digitalized, paper currency ( 10,000 yen notes etc) will no longer be a valid/accepted form of currency.

There will be a lot of people that argue this will be a good thing. I am not one of them.

Any person that shares Libertarian views will understand why.

2 ( +2 / -0 )

We’re just one cyber pandemic away from this becoming reality.

Add it to your Vaccine Passport and bingo it’s the CCP Social Credit Score System

-1 ( +0 / -1 )

Should save on printing costs!

0 ( +0 / -0 )

Not sure how this is different from my debit card or debit app on my smartphone. Both use "cashless" yen - ie, electronic blips.

0 ( +0 / -0 )

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