TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank will start experiments next spring on a digital yen to consider various requirements and fundamental principles for doing so in the future.
“It’s very important that central bank digital currencies not replace or eliminate private-sector payment and settlement services,” Kuroda said in an online seminar hosted by the Institute of International Finance.
Reporting by Leika Kihara; Editing by Catherine Evans