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Deutsches Institut für Japanstudien
April 12, 2022

“Digital currencies should be introduced as early as possible”: Markus Heckel interviews Hiromi Yamaoka

© Japanmarkt

DIJ economist Markus Heckel has interviewed Hiromi Yamaoka about the development of cryptocurrencies in Japan. Yamaoka, who worked for the Bank of Japan and the International Monetary Fund, is now chairperson of the Digital Currency Forum (DCF) and Head of the Future Institute of Research. In the interview, Yamaoka explains the advantages and disadvantages of digital currencies, the goals of the DCF, and the prototype of a privately created digital Japanese currency (DCJPY). “To maximise the benefits of the digitalisation of the economy, I believe it would be better to introduce private sector digital currencies as early as possible”, Yamaoka said.  Yamaoka has also contributed a chapter to the open access book The Future of Financial Systems in the Digital Age:  Perspectives from Europe and Japan, edited by Markus and DIJ director Franz Waldenberger. The interview (in German) was published in the latest issue of Japanmarkt and is available for download here