The Bank of Japan (BoJ) and the Japanese government held their first official meeting to discuss central bank digital currency (CBDC). As reported by local TV channel NHK on January 26th, the government and the Bank of Japan agreed to resolve legal issues related to the issuance of digital yen in the spring of 2024. However, neither the Bank of Japan nor the government has officially confirmed the launch of digital yen, and any decision will be made no earlier than after a "national discussion" in 2026. In December 2023, the Bank of Japan saw a report from a Ministry of Finance expert group recommending the "immediate" issuance of digital yen. The experts decided that the Japanese CBDC should coexist with cash and the Bank of Japan must limit the storage of potential personal data to a minimum. The Bank of Japan completed the second phase of CBDC testing in May 2023. The test ran for a year, involving 100,000 users and 5 intermediaries, with a load of 500 transactions per second and 3,000 transactions. The experiment was declared successful, and the Bank of Japan continues its scheduled CBDC pilot project, which should examine the "end-to-end process" and further connections with external systems.