The BoJ kicked off the first phase of that PoC in April 2021 to test the basic transactions of CBDC, including issuance, payout and transfer. A year later, Japan entered phase 2 of the PoC, which ...

Kazuo Ueda, governor of the Bank of Japan, during a news conference at the central bank's headquarters in Tokyo, Japan, on Dec. 19, 2023. (Kiyoshi Ota/Bloomberg via Getty Images / Getty Images) ...

The Japanese government has nominated Kazuo Ueda to lead its central bank, in a surprise move that could pave the way for the country to wind down its ultra-loose monetary policy.

For years, the Bank of Japan has limited yields to a tight range to keep interest rates low, a policy it has incrementally loosened since its introduction in 2016.

Japan’s central bank took a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market. Share full article. The Bank of Japan on Friday, ...