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BANK OF JAPAN

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Bank of Japan : Commencement of Central Bank Digital Currency Experiments 

04/05/2021 | 01:10am EDT

April 5, 2021

Bank of Japan

Commencement of Central Bank Digital Currency Experiments

The Bank of Japan has been undertaking preparations to begin experiments on Central Bank Digital Currency (CBDC) in early fiscal year 2021, to test the technical feasibility of the core functions and features required for CBDC. As necessary preparations are now complete, Proof of Concept (PoC) Phase 1 begins today.

In PoC Phase 1, the Bank plans to develop a test environment for the CBDC system and conduct experiments on the basic functions that are core to CBDC as a payment instrument such as issuance, distribution, and redemption. This phase will be carried out through March 2022, for a duration of one year.

Disclaimer

Bank of Japan published this content on 05 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2021 05:09:05 UTC.


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Sales 2020 2 059 B 18 961 M 18 961 M
Net income 2020 1 295 B 11 928 M 11 928 M
Net Debt 2020 131 804 B 1 214 B 1 214 B
P/E ratio 2020 -
Yield 2020 -
Capitalization 33 000 M 304 M 304 M
EV / Sales 2019 47,8x
EV / Sales 2020 64,0x
Nbr of Employees 4 626
Free-Float 100%
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Managers and Directors
NameTitle
Haruhiko Kuroda Governor
Koichiro Kamata Head-Finance & Information Technology Development
Tomohisa Takeda Executive Director & Head-Personnel
Hiroshi Nakaso Deputy Governor, Head-Personnel & Operations
Nobuyasu Obata Manager-Compliance Group & Planning
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