Japan ruling party lawmakers urge government to issue digital currency

A group of Japanese ruling party lawmakers urged the government on Friday to iss...

Akira Amari, Japan's Minister for Economic Revitalization and Minister for Economic and Fiscal Policy, addresses the session 'Japan's Future Economy' during the annual meeting of the World Economic Forum in Davos, Switzerland January 23, 2016. REUTERS/Ruben Sprich

TOKYO - A group of Japanese ruling party lawmakers urged the government on Friday to issue Japan’s own digital currency to counter China’s plan to create a digital yuan. The group, led by party heavyweight and former economy minister Akira Amari, will submit a proposal to the government on Friday. While Japan is unlikely to issue a digital currency any time soon due to technical and legal hurdles, the move comes in the wake of a decision by the Bank of Japan to join five other central banks to share expertise on such currencies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares in Japan set for higher open as investors await China's trade dataChina's export and import data for January is set to be out on Friday.
Read more »

Louis Vuitton Is Opening a Café and Restaurant In JapanThe Louis Vuitton flagship store in Osaka, Japan, will have a café and a restaurant on the top floor, but the guest list is ultra exclusive.
Read more »

20 cases confirmed on the Diamond Princess cruise ship in JapanTen additional cases of the Wuhan coronavirus were confirmed today on the Princess Cruise ship, which is docked in Japan and under quarantine for 14 days. Officials are still waiting for results of 171 tests.
Read more »

Japan quarantines cruise ship as toll of new virus growsDeaths from a new virus rose to 491 in mainland China while new cases on a Japanese cruise ship, in Hong Kong and elsewhere showed the increasing spread of the outbreak and renewed attention toward containing it
Read more »

Wuhan coronavirus: 10 tested positive on quarantined Japan cruise ship - Business InsiderThose infected were removed from the Diamond Princess, but none of the other 3,700 passengers onboard can leave for the next 14 days.
Read more »

Passengers quarantined on virus-hit cruise ship off JapanAround 3,700 people are facing at least two weeks locked away on a cruise liner ...
Read more »