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While addressing the parliament, BoJ Governor, Haruhiko Kuroda, shared some views on digital currencies. As per Reuters, Kuroda passed the following comments regarding digital currencies:

  • Japan is not in need of BOJ digital currency now.
  • BOJ will continue to study digital currency.
  • No plan to issue yen-based digital currency.
  • If stablecoins backed by huge platform companies are issued globally, that could have an impact on monetary policy, financial system stability.
  • Stablecoins should not be issued without sufficient governance and risk management systems.

FXStreet has previously reported on Kuroda’s comments on powerful monetary easing, which you can read here.