Hiroshi Fujiki
Attributes needed for Japan’s central bank digital currency
Chuo University
issuance central bank digital currencies became real policy issue announcement facebooks libra types product attributes central bank digital currencies widely accepted answer question analyzing consumers acceptance hypothetical payment methods used japanese data 2019 financial literacy survey estimate model consumers ranking frequency use five payment methods via three statistical models estimates three models showed respondents survey value payment methods shorter transaction times mobile payment methods based estimates models conducted counterfactual simulations introduction hypothetical mobile version noncash payment methods required shorter transaction time found hypothetical products would frequently used payment methods average however respondents experience financial troubles small financial asset holdings would use less frequently results suggest bank japan wanted issue central bank digital currency would used almost every day replacement cash policy tools utilized encourage use groups well