A 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, 2020Former Ministry of Finance official Kozo Yamamoto says proposals are being drafted to make a digital yen a reality within two to three years.
February 13, 2020The group of lawmakers reportedly plans to submit its proposal for a 'digital yen' to the government as early as next month.
January 28, 2020