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Japan ruling party lawmakers to float idea of issuing digital currency
A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook’s Libra and China’s drive to create a digital yuan. The digital currency could be a joint initiative between the government and private companies that would put Japan in tune with global changes in financial technology, Norihiro Nakayama, parliamentary vice minister for foreign affairs, told Reuters. “The first step would be to look into the idea of issuing a digital yen,” said Nakayama, a key member of the group comprised of about ... (full story)