FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a news conference as the spread of the coronavirus disease (COVID-19) continues in Tokyo, Japan, April 27, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERS
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need for the central bank to "prepare thoroughly" for the time it may need to issue its own digital currency.
The BOJ will begin experiments on a central bank digital currency (CBDC) in spring 2021, Kuroda said, signaling its resolve to stay in line with other central banks that are stepping up the pace of development.
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