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Japan’s Finance Ministry to Launch Panel to Assess Digital Yen: NHK

Japan’s finance ministry is reportedly planning to launch an expert panel in April to assess the feasibility of issuing a digital yen, according to NHK.

The panel will discuss the creation of a framework for a central bank digital currency (CBDC) backed by the Bank of Japan (BOJ), using findings from a two-year technical study conducted by the BOJ.

The panel’s launch coincides with the beginning of a digital yen pilot program, but BOJ officials say they have yet to set plans to issue a CBDC.

Japan CBDCs
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