The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
Bitcoin Holds Steady Above $34K After Hawkish BOJ Decision
The BOJ’s yield curve control program has been a major source of liquidity for financial markets since 2016. Early Tuesday, the bank tweak the curve control program in what appears to be a stealth hawkish move.
Japanese yen-backed digital currency, DCJPY, to go live in July 2024
A group of Japanese companies, united behind the DeCurret brand, intends to launch the coin in July 2024.
Bitcoin Volatility Expected on Friday’s Bank of Japan Rate Decision. Here’s Why
The BOJ is predicted to soften its grip on the country’s bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.
Japan launches digital yen pilot project after second successful proof of concept
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.
Japan plans to form expert panel to explore digital yen: Report
The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years.
Japan’s Finance Ministry to Explore Digital Yen Feasibility: Report
The ministry plans to launch an expert panel next month to explore the feasibility of a central bank digital currency.
US explores additional bank support favoring First Republic’s benefit: Report
Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, according to unnamed sources.
The Bank of Japan to launch its CBDC pilot before May
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021.
Japan Will Launch Pilot for Issuing Digital Yen In April
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday. The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen.
Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes
No change in central bank policy from Japan caused ruffled feathers in forex markets, but Bitcoin remains tied to a trading zone near two-month highs.
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
None of the 31 crypto exchanges registered with Japan’s Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.
Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar
BTC price sees short-term relief as the DXY falls, but Bitcoin analysts warn that Japan’s move means carnage for global markets.
Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar
BTC price sees short-term relief as the DXY falls, but Bitcoin analysts warn that Japan’s move means carnage for global markets.
Bank of Japan to trial digital yen with three megabanks
The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026.
Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
BoJ official says digital yen won’t be used to achieve negative interest rate
The Bank of Japan’s Executive Director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates.
Bank of Japan official calls for G7 nations to adopt common crypto regulations
The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions.
Former BOJ official warns against use of digital yen in the financial sector
Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency.