Japan’s shift to cashless society prods BOJ call for payment innovation

From Yahoo Finance: 2025-06-11 02:03:00

Bank of Japan officials are considering digital currencies as cashless payments rise in Japan. Cashless transactions are increasing, prompting policymakers to explore a central bank digital currency (CBDC). The BOJ is consulting on a CBDC framework. Despite advancements, cash demand in Japan remains strong. CBDCs gain attention globally amid challenges to traditional currencies.



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