Could digital yen deflate Japan`s deflation?
(WorldNews Japan)

I`m not interested In its quest to defeat deflation, the Bank of Japan has filled its boots – and then some. It has hoarded more than half of all government bonds. It has cornered the stock market via exchange-traded funds. It has expanded its balance sheet to exceed the nation`s entire $5 trillion economy. And nothing has worked. The modest amount of inflation Governor Haruhiko Kuroda generated since 2013 disappeared in a Covid-19 fog, putting the BOJ back to square one. Now, the BOJ may have happened upon a stealthy Holy Grail to revive Japan`s animal spirits once and for all: its very own digital currency. Tokyo goes Beijing On the surface, the BOJ`s July 2 announcement that it would...