Under Facebook's plan, Libra would be backed by a reserve of real assets such as bank deposits and short-term government securities that would be denominated in major currencies
Caught between heightening external risks to growth and the mounting demerits of prolonged easing, the BOJ is set to keep policy steady for some time, analysts say
In theory, digital currencies would allow central banks to more easily charge interest on deposits of households and firms, thereby nudging them to spend rather than hoard money
The BOJ left monetary policy steady at the June 14-15 rate review but cut its inflation view
The decision on maintaining its interest rate targets was made by an 8-1 vote with board member Goushi Kataoka dissenting
The BOJ kept its short-term interest rate target at minus 0.1 per cent and the 10-year bond yield target around zero per cent
While the BOJ's 2 percent inflation target remains elusive, its money printing strategy has brought about a desirable depreciation in the yen.
Japan's economy expanded an annualised 1.4% in the third quarter due to strong exports
The bank has already laid the groundwork for normalising monetary policy by revamping its policy framework last September and gradually slowing its bond purchases
BOJ pushed back inflation target by a year, expects to will not reach deadline before March 2020
Japan's apex bank may stress inflation is nowhere near levels justifying withdrawal of huge stimulus
Japanese officials tend to prefer a weak currency as this increases exporters' earnings
The latest policy change that has raised questions about attempts to revive the deflation-plagued economy.
Yutaka Harada said he saw no need to ease policy at the central bank's next rate review
The Japanese central bank sees as an obstacle to stoking inflation and economic growth
Will continue to buy long-term government bonds at a pace so that the balance of its holdings increases by 80 trillion yen
It maintained the 0.1 per cent negative interest rate it applies to some of the excess reserves parked with the central bank
If the BOJ decides to shake up its policy stance, one avenue would be to be less aggressive in purchasing longer-dated assets
Challenge for the BOJ will be how to back away from Quantitative and Qualitative Easing without scaring investors into a stampede out of bonds
This week, much attention will focus on the Open Market Committee of the US Federal Reserve, the most powerful central bank in the world, whose actions have global impact. Yet the most informative, and intriguing, policy decision could take place in Tokyo. And the outcome will not only tell us more about Japan's daunting challenges, but could also signal more clearly what lies ahead for other central banks that continue to operate within an unbalanced macro-economic policy mix. It is now widely recognised that, for most of the period since the global financial crisis, an enormous and excessive burden has been placed on central banks. Long used to playing a complimentary, albeit critical role, in policies, and mostly behind the scenes, they have taken such a dominant and visible role that they have become "the only game in town."In the process, these monetary institutions became increasingly committed to experimental measures, from negative interest rates in Europe and Japan, to outsize