The Bank of Japan or BOJ (JASDAQ: 8301), the nation’s central bank that’s headquartered in Chūō, Tokyo, has reportedly appointed Kazushige Kamiyama, a prominent economist, as its head of a department that’s tasked with conducting research on central bank digital currencies (CBDCs).
Reuters reports that Kamiyama will be responsible for leading the BOJ’s payments and settlement department, which has performed collaborative research with other reserve banks on CBDCs and cryptocurrencies.
The BOJ recently put together a research team to look into the feasibility of working with digital currencies, after reports that the nation’s government was considering launching its own CBDC, which was revealed in the bank’s policy framework for 2020.
