News > Japan Inc To Begin Experiments Issuing Digital Yen

Japan Inc To Begin Experiments Issuing Digital Yen

More than 30 major Japanese firms will begin experiments next year towards issuing a common, private digital currency to promote digitalisation in one of the world’s most cash-loving countries.

The move follows the Bank of Japan’s recently announced plan to experiment with issuing a digital yen, underscoring a growing awareness of the need for Japan to catch up to rapid global advances in financial technology.