{"id":9983,"date":"2023-04-14T04:05:21","date_gmt":"2023-04-14T04:05:21","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/japan-convening-panel-on\/"},"modified":"2023-04-14T04:12:10","modified_gmt":"2023-04-14T04:12:10","slug":"japan-convening-panel-on","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/japan-convening-panel-on\/","title":{"rendered":"Japan convening panel on digital yen as BOJ pilot scheme gets underway"},"content":{"rendered":"

TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward.<\/p>\n

The nine experts, who include academics, economists, a lawyer and a consumer group representative, will meet regularly, and compile a report by the end of this year.<\/p>\n

Central banks around the world have scrambled to develop digital currencies to modernize financial systems and facilitate domestic and cross-border payments.<\/p>\n

But Japan remains undecided on whether to issue a central bank digital currency (CBDC), and the BOJ has said the pilot programme may last for several years.<\/p>\n

“We understand the BOJ’s study is making a steady headway,” a finance ministry official told reporters. “However, we have not at all decided on whether Japan will issue a CBDC.”<\/p>\n

The BOJ and Financial Services Agency will attend the panel sessions as observers.<\/p>\n

\n

(Reporting by Tetsushi Kajimoto; Editing by Simon Cameron-Moore)<\/p>\n

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TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward. The nine experts, who include academics, economists, a lawyer and a consumer group […]<\/p>\n","protected":false},"author":8,"featured_media":9992,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[1223],"class_list":["post-9983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D02N-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=9983"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9983\/revisions"}],"predecessor-version":[{"id":9994,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/9983\/revisions\/9994"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/9992"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=9983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=9983"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=9983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}