CBDC to follow suit after all.

 

日本のCBDC発行の判断、2026年くらいにはできている=日銀総裁 (msn.com)

CBDC to follow suit after all. 
According to the article

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「[TOKYO, Feb 28 (Reuters) - Bank of Japan Governor Haruhiko Kuroda told a Lower House budget committee meeting on Thursday that the central bank could issue a central bank digital currency (CBDC) in Japan. I think we will be able to make a decision on whether we can issue a CBDC in Japan by about 2026. I think we will be able to make a decision by 2026 or so. This was in response to a question from Kazuma Nakatani (Ritsuminato).

Mr. Nakatani pointed out that the European Central Bank's (ECB) "digital euro" could be issued as early as 2026. He pointed out that the ECB's "digital euro" could be issued as early as 2026. Mr. Nakatani pointed out that the ECB's "digital euro" could be issued in 2026 at the earliest, and asked if it was correct to understand that Japan would be able to make a decision on whether or not to issue the digital euro in 2026 at least. Mr. Kuroda said, "Personally, I think so.

Although he has not decided to issue CBDCs, Mr. Kuroda said that he is conducting demonstration tests in a step-by-step and systematic manner to see if the required functions and characteristics can be technically realized, and that he is thinking of starting to consider the system design aspect soon.

He pointed out that it is essential to discuss the issue with the government and the private sector, as well as to obtain the full understanding of the public. He also said that it is necessary to keep a close eye on the trend of discussions on international standards for CBDC. He said, "I can't say how many years from now, but we will have to make a decision at some point.

In its deliberative document on CBDC released on the 20th of this month, the Federal Reserve said that the development of a digital currency, the digital dollar, would increase the speed of payments and provide a safer option for households as payment technology develops, but it would also raise risks over financial stability and concerns about privacy.」

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That's what he said.

 I guess we'll be following suit after all.

 The government said it is essential to discuss the issue with the government and the private sector, as well as to obtain the public's full understanding. This is very true. He also said that it is necessary to keep a close eye on the trend of discussions on international standards for CBDCs. This is also true.... Developed countries, as the name implies, are the ones that are ahead of the curve and promote technological studies and discussions so that they can implement new things as early as possible.

 In the end, Japan, which is a developing country in decline, follows the lead of other countries. In the end, Japan, a developing country in decline, followed other countries and finally started to move forward when they said, "In other countries! We need to catch up with the rest of the world! but without any real substance, and based on precedents.

 The argument that we are a declining country is good, but we don't have to decline in mind. Or should I say "senile mindset"? We don't have to try anything new...

 I guess that's the point. If that's the case, it would be better if we could at least be thoroughly conservative, but in fact, halfway through the process, foreign countries start imitating us.

 In the end, it's a declining developing country, halfway, a week behind, and in a postmodern sense, the lagging behind can become the cutting edge, so it's said to follow the target in a kind of most radicalized form. I've always been called a follower, just an imitator.

 Digital wiring is a fact of life, but why don't we stand up for it? We're nearing the lost 30 years, but isn't there anything left to lose? No, maybe it was the "future" that was lost.