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Kazuo Ueda: The new financial ecosystem and the role of central banks

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Kazuo Ueda: The new financial ecosystem and the role of central banks Remarks by Mr Kazuo Ueda, Governor of the Bank of Japan, at the FIN/SUM 2026 "The new financial ecosystem shaped by AI and blockchain", Tokyo, 3 March 2026. The views expressed in this speech are those of the speaker and not the view of the BIS. Introduction I am delighted to be given this opportunity to speak to you at the FIN/...
**STEELMAN:** Governor Ueda presents a compelling vision of central banks as stabilizers in a rapidly evolving financial ecosystem. His argument is grounded in historical context—highlighting the Bank of Japan’s decade-long engagement with fintech—and acknowledges the transformative potential of AI and blockchain while insisting on safeguards. The emphasis on central bank money as an "anchor of trust" is well-supported, drawing parallels to past financial instability (e.g., the wildcat banking e...