BOJ Official Says Digital Yuan is Unlikely to Dominate the World

Subscribe to The Global Herald in Google News

Bloomberg Markets and Finance published this video item, entitled “BOJ Official Says Digital Yuan is Unlikely to Dominate the World” – below is their description.

Apr.15 — The People’s Bank of China has rolled out trial issuance of a digital yuan in cities across the country. A broader roll-out is expected for the Winter Olympics in Beijing next February. The Biden administration views China’s move as a potential threat. A senior Bank of Japan official downplayed the threat of China’s digital currency to the established order as it’s unlikely to be the dominant player in global financial settlements even if China leads the way. Kazushige Kamiyama, the key man for digital currency at the central bank, also discussed the future of digital yen in an exclusive interview with Bloomberg.

Bloomberg Markets and Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

Subscribe to The Global Herald in Google News

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • Teneo’s Wildau On Evergrande Developments
  • Bloomberg Markets: The Close (10/22/2021)
  • How the Semiconductor Crisis Impacts the Global Economy
  • In This Story: Beijing

    Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.

    2 Recent Items: Beijing

  • Beijing 2022 ‘Green’ Winter Olympics to be first ‘zero carbon’ Olympic Games
  • Beijing 2022 Winter Olympics just 100 days away!
  • In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

    Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

    Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

    4 Recent Items: Japan

  • Despite gender equality law, Japan’s parliament faces lack of female representation | ABC News
  • Japan’s Princess Mako Marries Commoner, Leaves Royal Family
  • Princess Mako’s husband: ‘I want to spend my only life with someone I love’
  • Spectacular! | A colorful view from Jogakura Ohashi Bridge
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.