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Japan's Central Bank Deputy Governor Calls for Holistic Approach to Future Currency System Design

GateNews

Monetary Policy Forex

2026-05-17 02:21:36

According to Reuters, Japanese central bank deputy governor Yoshizo Hiwatari called for a holistic approach to designing future global monetary systems at the Japan Financial Association annual meeting, stating that options should not be limited to central bank digital currencies (CBDCs) and stablecoins, but may include tokenized bank deposits and blockchain-based central bank reserves.

The central bank has launched a sandbox project to explore the technical feasibility of tokenizing central bank reserves for blockchain-based payment settlement. Japan is simultaneously advancing stablecoin legislation while proceeding with CBDC pilot projects.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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