Digital currencies can’t boost negative interest rates, says BoJ

Digital currencies can’t boost negative interest rates, says BoJ

Masayoshi Amamiya, Deputy Governor of the Bank of Japan, has stated that digital currencies cannot be used to boost the effect of Japan’s negative interest rates. Amamiya stated that the issue comes down to the fact that, if the BoJ issues a digital yen and set a negative interest rate, individuals and businesses would effectively be charged for holding the digital currency.

Timothy
Timothy
Just An Opinion
Just An Opinion 6 months

.

Naidu VGA
Naidu VGA 6 months

Ah the people who understand the most basic of world economics have come out with it. or shall we say straight from the horse's mouth.

michael zubas
michael zubas 6 months

cash....is king. but....will the king be slain?

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