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.

On Tuesday, Japan's central bank raised interest rates. It marks Japan's first rate hike since February 2007. The markets barely reacted to the decision, which had been widely anticipated. TOKYO ...

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.

Bank of Japan scraps negative interest rate in first hike in 17 years. Japan’s central bank begins unwinding one of the world’s most aggressive monetary easing programmes.