Demand for digital currency could soar in Japan, says central bank official decrypt.co

The deputy governor of Japan’s central bank said today that it must get ready to issue digital currencies, given the rapidly changing world of global payment and settlement systems.
Depending on how things unfold in the world of settlement systems, public demand for CBDCs [central bank digital currencies] could soar in Japan,” said Masayoshi Amamiya at a seminar in Tokyo on Thursday, according to Reuters.
“China is moving toward issuing digital yuan, so we’d like to propose measures to counter such attempts,” said Nakayama.
Earlier in January, Finance Minister Taro Aso said that a popular digital yuan would be a “very serious problem” to Japan, which settles transactions in US dollars.
In the same month, Wang Xin, the director of the People’s Bank of China, said that a digital currency like Libra could be bad for the country.