BOJ's Kuroda says Japan must cooperate with U.S., Europe on CBDC norm

FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japan must cooperate with Europe and the United States in creating a global standard on the technical aspects of issuing a central bank digital currency (CBDC), the chief of the central bank said on Friday.

While the Bank of Japan had made no decision yet whether to issue its own digital currency, it was proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda told parliament.