BOJ will not mint digital currency as cash is still king in Japan
Tokyo
CASH is still king in Japan, and that means that the central bank does not see a need to mint a digital currency for now, according to the head of the FinTech Center at the Bank of Japan (BOJ).
"We aren't at the stage of considering issuing a digital currency because there is no demand," Yuko Kawai, the head of the BOJ division, said in an interview last week. "To begin with, do we really need a digital currency in the nation where cashless living isn't making much progress?"
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