Former BOJ official warns against use of digital yen in the financial sector
Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency. A former Bank of Japan (BOJ) official who reportedly headed the digital currency research is now advising against its use.According to a report published in the Japan Times, Hiromi Yamaoka, the former head of the BOJ’s financial settlement department, advised against using the digital yen as a part of the country's monetary policy.Yamaoka’s biggest concern lies with the negative interest rates and believes once the digital yen becomes a prominent tool for mass....
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