Bank of Japan – DIGIT INFO

Japanese yen-backed digital currency, DCJPY, to go live in July 2024

A group of Japanese companies, united behind the DeCurret brand, intends to launch the coin in July 2024.

Japan launches digital yen pilot project after second successful proof of concept

With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.

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7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.

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Japan plans to form expert panel to explore digital yen: Report

The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years.

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US contemplates ‘expanding’ emergency lending facility for banks: Report

While the Federal Reserve liquidity offerings must be equally accessible to “all eligible users,” unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits.

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Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar […]

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The Bank of Japan to launch its CBDC pilot before May

The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021.

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Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes

No change in central bank policy from Japan causes ruffled feathers on forex markets, but Bitcoin remains tied to a trading zone near two-month highs.

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Japan to lift the ban on foreign stablecoins like USDT in 2023: Report

None of the 31 crypto exchanges registered with Japan’s Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.

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Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%

The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]

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