BoJ Governor Ueda said the BoJ will conduct technical experimentation on settlement using central bank money in the form of current account deposits on a blockchain-based system

BoJ Governor Ueda said the BoJ will conduct technical experimentation on settlement using central bank money in the form of current account deposits on a blockchain-based system.

Governor Ueda's comments on experimenting with blockchain for settlement suggest a potential modernization of the Bank of Japan's processes. While this is primarily a technical initiative, it may signal a broader exploration of digital currency implications, impacting monetary policy discussions in the future. Traders should watch for any shifts in JPY dynamics and how this aligns with broader central bank trends in digital currencies.