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The official also said more details on the CBDC's design may kick up a debate on how its issuance could impact financial institutions.

A political figure who heads a panel on digital currencies for Japan’s ruling party has said his country will have a better idea of what to expect from a digital yen by the end of 2022.

Reuters reported Monday that Hideki Murai of the Liberal Democratic Party said Japan would soon have a “clearer view” of what a central bank digital currency (CBDC) would look like.

The official also said more details on the CBDC’s design may kick up a debate on how its issuance could impact financial institutions. The concerns run contrary to the bank’s conclusion that a digital yen would not adversely affect private businesses provided they were designed appropriately.
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