February 13, 2020 by Antoine
After Akira Amari, former minister of the economy the japanese, a prominent figure in the parliament and a member of the liberal democratic Party in power, Kozo Yamamoto, preaches in favour of a digital currency in japan.
Kozo Yamamoto is supporting the project with Akira Amari
Kozo Yamamoto has not gone through four paths to assert that the country should have its own digital currency in the next 2-3 years.
“The sooner the better. We will draw up proposals to be included in the policy directions of the government, and we hope that this will happen in two to three years, ” he said.
The character declares to be leaving for this adventure, alongside with Akira Amari, the purpose of which would be for the time to convince the government on the challenges of creating a digital currency with a national value-added.
The chinese yuan is a serious threat
It is clear that the idea of scanning the Yen emerged as a result of the approach of the circulation of the yuan digital of neighboring china. On this, the country plans to work around potential dangers or threats to a digital currency of its neighbour.
Norihiro Nakayama, another legislator of the ruling party in japan, said :
“The digital currency of China is a huge challenge for the current world monetary system “.
The Bank of Japan, the financial institution is supreme in the country, links up the initiatives in order to consider the project for issue of digital currency.
Earlier last month, the bank showed his enthusiasm by joining the cause of five other major central banks, including the Bank of England, the Bank of Canada, the european central Bank, the Sveriges Riksbank of Sweden and the swiss national Bank, to explore the topic of digital currencies.
The country would have also sought the help u.s. to strengthen its efforts to compete with the progress of chinese in the area.
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