The first meeting of the CBDC Forum was held on Thursday, including participation from about 60 private business operators.
July 21, 2023The launch of the panel will coincide with the start of a digital yen pilot programme involving the BOJ and private sector participants.
April 3, 2023The BOJ will conduct simulated digital yen transactions with private firms starting in April to test the "end-to-end" process flow and identify connectivity challenges.
February 20, 2023A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.
January 29, 2023The BOJ's next phase of CBDC testing will involve Japan's three megabanks as well as regional banks. A digital yen could be issued in 2026.
November 28, 2022A shift away from bank deposits may not occur if banks offer "smooth exchange of CBDC and deposits" and "attractive services related to CBDC".
July 15, 2022Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.
June 1, 2022The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.
April 15, 2022The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.
July 20, 2021The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the 'digital yen'.
June 4, 2020