The Bank of Japan said today (August 8) it has not scrapped its preparations for a potential launch of a central bank digital currency (CBDC), dismissing reports by a number of media outlets.

Tomohiro Sugo, head of the payment and settlement system division, tells Central Banking that the BoJ is still open to the idea of launching a digital yen in future.

“The Bank of Japan continues preparing for the possible issuance of CBDC in the future and it has not quit its preparations,” says Sugo.

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