BOJ's Amamiya: We have no plan to issue digital currency in near future
Comments from the BOJ Deputy
- Many central banks have no plan for digital currency but are willing to do some research
- Japan has been slowly shifting to cashless society
- Academics say digital currencies would allow central banks to more effectively apply negative rates but no central bank is thinking of doing this
Can you imagine applying negative rates to cash? What kind of dystopian future is that?