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Bank of Japan

Japan weighs forming digital yen feasibility panel in April

Committee will examine benefits of currency based on BOJ pilot program

The Bank of Japan has been conducting technical tests on the digital yen since 2021.   © Reuters

TOKYO -- The Japanese government is considering forming a panel next month that will examine the advantages of a digital yen, it was learned Thursday.

While the Bank of Japan says there are no concrete plans yet to issue a digital yen, the Finance Ministry is finalizing plans for the panel of experts to be established as soon as April.

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