Bank of Japan plans to establish CBDC by 2023

The UN announced today that the Financial Services Corporation of Japan is preparing for the Digital Deposit Fund (CBDC) by 2023 and will complete its research on the matter. Hiromi Yamaoka, a former senior executive at the Bank of Japan, is Director of the Banking and Quantitative Easing (QE) Banking Department and now works with the Government of Japan and the Bank of Japan. How to create digital advantages promoted by big private companies and big banks. Currently, Yamaoka is working with a research team of 30 Japanese organizations and non-profit banks to develop digital products. These companies include Mizuho Bank, Mitsubishi UFJ Bank, and other large corporations. In April of next year, financial institutions in Japan will also conduct another research on the publication of CBDCs.