Cryptocurrencies
BOJ Official Says Digital Currency Needs Public Support First
- Point man Kamiyama says future issuance not set in stone
- Says digital yen would aim to boost payment system not policy
Outside the Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Sept. 14.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
A Bank of Japan move to launch a digital currency would be conditional on public support, according to a senior BOJ official who says no final decision has been made even after the announcement of testing to start next year.
“There is no conclusion yet,” said Kazushige Kamiyama, the head of the central bank’s payment system department and the person in charge of looking into a possible digital yen. “At the end of the day there’s no way we can proceed without gaining sufficient understanding from the Japanese public.”