Japan explores digital currency but is loathe to commit
Despite launching CBDC research, Bank of Japan is still not sure nation needs digital yen. Experts fear the caution could cost Japan its competitive edge.
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Digital Yen
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Japan to start digital yen tests as CBDCs gain momentum across Asia
As central banks in China, Korea, Hong Kong and Thailand ramp up CBDC efforts, Bank of Japan is now planning a proof of concept for a digital currency.