Japan needs to modify reserve bank laws to provide digital y…

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Japan needs to modify reserve bank laws to provide digital yen, states authorities
The brand-new law needs to likewise clarify that 2 %inflation is the BOJ’s policy target. “Yamamoto’s remarks come quickly after the BoJ formally revealed its strategies to carry out a proof-of-concept for the digital yen in 2021. The statement came as part of Japan’s main bank’s very first joint report into CBDC provided on Oct. 9.

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