bank of england

Japan Investigating Digital Yen

In response to pressure from China, reports coming out of Japan claim that senior members of Japan’s Liberal Democratic Party want to create its own digital yen within the next few years. Japan views China’s digital yuan as a challenge to the traditional currency systems and are looking to include draft proposals in their mid-year policy reviews and have already joined forces with several countries to research how a nation could use digital currencies. Japan’s central bank has joined five other major central banks, the Bank of England, the European