The Bank of Japan is in no rush to issue a central bank digital currency, says Nomura Research Institute’s Kodai Sato Momina Khan Reblog Kodai Sato, a senior researcher at Nomura Research Institute, contended that financial inclusion is not Japan’s top priority during a recent webinar hosted by The Block. As such, The Bank of Japan (BoJ) has no plans to issue a central bank digital currency (CBDC) at present, Sato remarked during the July 16 event. “At this point, Japan gives various takeaways, for example, financial inclusion isn’t always a key issue in Japan as bank account penetration is already 100% or 99% so financial inclusion is not the top priority of Japan as it is for other countries,” Sato said. While shedding light upon some of the biggest challenges Japan faces, Sato said, it is important to address the questions behind the need for a digital currency and its role in Japan. […] Of the four, Japan is especially focused on finding solutions to cross-border payments and privacy issues, according to Sato.
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