Wednesday, 6 March, 2024

BOJ Chief Warns of Financial Risks Amid Asia's Digitalization Surge

Bank of Japan (BOJ) Chief Kazuo Ueda raises concerns about potential financial risks stemming from Asia's rapid digitalization. The surge in digitalization across Asia may lead to new challenges and vulnerabilities in the financial sector. Ueda's warning underscores the importance of monitoring and managing the implications of digital transformation on financial stability and regulatory frameworks in the region.