In Japan, the Asian crisis had a much greater impact and came at a much worse time. Japan is closely involved with other Asian countries and suffered both financial reversals and loss of markets for Japanese goods. They were already struggling with slow growth, a banking system in need of overhaul and a political party structure in need of rejuvenation.
3/5  BIS central bankers' speeches  Central-Bank-Issued Digital Currency Given that privately developed digital currencies may raise important financial stability issues tied to the value of the asset, some have argued that central banks should begin to issue their own digital currency as a 21st century analogue to paper currency.