While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch.
Update: This article has been updated to reflect that Japan plans to resolve CBDC issuance legalities by Q2 2024.
The Bank of Japan (BoJ) held its first official meeting with the country’s government to discuss a central bank digital currency (CBDC). According to the local TV channel NHK, on Jan. 26, the government and the BoJ agreed to resolve the legal issues related to issuing digital yen in the spring of 2024.
The report mentioned that neither the BoJ nor the government have officially confirmed the launch of the digital yen. Any decision will be taken after “a national discussion” no sooner than 2026.
