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BOJ Deputy Governor Calls for Holistic Approach to Global Monetary System Design

GateNews
Monetary Policy

Bank of Japan Deputy Governor Ryozo Himino called on Saturday for a holistic approach when designing the future global monetary system, rather than limiting choices to central bank digital currencies (CBDCs) and stablecoins. Himino stated that Japan is prepared for both pathways, having advanced CBDC pilot projects while being among the first countries to introduce stablecoin legislation. He noted that overseas developments indicate the future monetary system requires comprehensive design, balancing technological feasibility, social costs, user convenience, financial stability, and monetary policy considerations.

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