Technological advances have led to active debate on the issuance of central bank digital currencies (CBDCs), which involves national agendas and raises a variety of issues that cannot be resolved with technology alone. To get a better grasp of the difficulties involved and the issues Japan needs to tackle going forward, we spoke with Hiromi Yamaoka, who until a year ago served as Director-General of the Bank of Japan’s Payment and Settlement Systems Department, led many of the Bank’s discussions on CBDCs, and currently serves on the board of Future Corporation.

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Interlocutor

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  Hiromi Yamaoka

  Board member of Future Corporation

  Head of Future Institute of Research

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  Tetsuya Inoue

  Chief Researcher

  Financial Market & Innovation Research Department