Bank of Japan will begin to experiment with digital yen in this spring


Japan’s control bank Japan Kharuhiko Kuroda reported that in the near future active preparation for the release of digital yen will begin.

According to him, experiments with CBDC start this spring and will be held throughout 2021. The release of digital yen is not planned yet, but the bank must thoroughly prepare, since such an opportunity is not excluded in the future.

The Bank of Japan also does not want to lag from the Central Bank of other countries that increase the pace of development in this direction.

During the experiments, the regulator will test various options for stable and efficient payment systems of the next generation.

Last year, the Government of Japan was planning to include

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