Although the spread of electronic money products might affect the stability of monetary indicators, this will be adequately managed by identifying the amount outstanding of electronic money issued and by devising monetary policy management.
Therefore, I wish to state that the Bank of Japan does not intend to put a brake on the development and introduction of electronic money in consideration of its effects on monetary policy. Maintaining this stance, the Bank intends to continue research on electronic money while observing the developments in the private sector in Japan and abroad.