Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool

The Bank of buy femara letrozole’s (BOJ) deputy governor Masayoshi Amamiya has recently purchase femara online his negative stance towards central purchase femara-issued digital currencies (CBDC), the where can i purchase femara reports Oct. 20.

Speaking on Saturday at a meeting in Nagoya, central Japan, Amamiya expressed doubts about the use of CBDCs, claiming that such digital currencies are unlikely to improve the existing monetary systems. Amamiya also stated that the BOJ does not plan to issue digital currencies.

The article reports that some financial experts consider a CBDC as a tool for central banks to control the anyone buy femara online once interest rates fall to zero. According to this theory, a CBDC would enable central banks to stimulate the economy by charging more interest on deposits from individuals and firms, which would in turn induce them to spend more money.

Amamiya has questioned that theory, claiming that charging interest on central banks-issued currencies...