Bank of Japan Studies Economic Effects of Artificial Intelligence

Governor confirms research efforts into how AI may influence Japan’s economy, signaling the central bank’s focus on technological impacts.

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Terms & Concepts
  • Artificial Intelligence (AI): The simulation of human intelligence processes by machines, often used to analyze data, make predictions, or automate tasks in economic and financial systems.
  • Economic Impact: The effect that a development, such as technological innovation, has on the economy, influencing growth, productivity, employment, or financial stability.
  • Bank of Japan (BOJ): Japan’s central bank, responsible for monetary policy, financial system stability, and issuing currency.