TOKYO (Reuters) – A consortium of roughly 70 Japanese firms, including the country’s three mega-banks, will begin a test launch of a digital currency as early as late 2022, the Nikkei newspaper said on Wednesday.
The consortium, including Mitsubishi UFJ Financial Group Inc, Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc, have been meeting regularly since last year to study ways to build a common settlement infrastructure for digital payments.
(Reporting by Leika Kihara; Editing by Chris Reese)
