{"id":76510,"date":"2023-03-31T13:04:14","date_gmt":"2023-03-31T10:04:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76510"},"modified":"2025-09-10T17:47:24","modified_gmt":"2025-09-10T14:47:24","slug":"media-japans-finance-ministry-to-form-an-expert-group-to-study-the-digital-yen","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-japans-finance-ministry-to-form-an-expert-group-to-study-the-digital-yen\/","title":{"rendered":"Media: Japan&#8217;s Finance Ministry to form an expert group to study the digital yen"},"content":{"rendered":"<p>In April, Japan&#8217;s Ministry of Finance plans to assemble an expert group to study CBDC possibilities, according to <a href=\"https:\/\/www3.nhk.or.jp\/nhkworld\/en\/news\/20230330_11\/\">NHK<\/a>.<\/p>\n<p>The ministry will focus on building a base for the digital yen based on technical research conducted by the Bank of Japan (BoJ) over two years.<\/p>\n<p>BoJ officials noted that they currently have no concrete plans to issue a CBDC. In their assessment, it will take considerable time to address legal and technical questions.<\/p>\n<p>Earlier, the BoJ <a href=\"https:\/\/u1f987.com\/en\/news\/boj-to-launch-pilot-cbdc-in-april\">said<\/a> about plans to launch a pilot program to test the digital yen in April 2023. The first phase of CBDC experiments in the country <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-japan-begins-cbdc-testing\">started<\/a> in spring 2021.<\/p>\n<p>BoJ Governor Haruhiko Kuroda noted that the regulator <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-japan-to-decide-on-cbdc-launch-by-2026\">will take<\/a> a decision on the feasibility of issuing the digital yen after thorough testing.<\/p>\n<p>In November 2022, the BoJ, in partnership with three megabanks <a href=\"https:\/\/u1f987.com\/en\/news\/japan-to-launch-a-new-pilot-of-the-digital-yen-in-spring-2023\">announced a pilot project<\/a> for Japan&#8217;s CBDC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April, Japan&#8217;s Ministry of Finance plans to assemble an expert group to study CBDC possibilities, according to NHK.<\/p>\n","protected":false},"author":1,"featured_media":76511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,135],"class_list":["post-76510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76510"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76510\/revisions"}],"predecessor-version":[{"id":76512,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76510\/revisions\/76512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76511"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}