FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, in this photo taken by Kyodo April 27, 2018. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday that U.S. and most European central banks are “extremely cautious” of the idea of issuing digital currencies as substitutes for cash. “Sweden is an exceptional case,” where use of cash has dwindled so much that the central bank had to consider issuing digital currencies, Kuroda said. The BOJ itself has no plans to issue digital currencies that can replace cash for use by the general public, he added. Reporting by Leika Kihara; Editing by Chris Gallagher
Haruhiko Sweden, governor of the Bank of Japan, has said the majority of his European counterparts are "extremely cautious" about issuing digital currencies to replace cash. Sweden cited Kuroda as an exception to the rule, as its cashless society had prompted the central bank to consider a digital alternative.