Japan must amend central bank laws to issue digital yen, says official
Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official.
Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes that Japan must revise a law stipulating the Bank of Japan’s (BoJ) mandate and responsibilities regarding the development of a CBDC.
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