Japanese authorities will include the consideration of a central bank digital currency (CBDC) in its official economic plan.
According to the Cointelegraph, citing local media, the CBDC will enter the Honebuto economic recovery plan, which is part of Japan’s national strategy. The Honebuto Plan is the basis for Japan’s economic and fiscal policy and the report says the Japanese government “will consider a CBDC while coordinating with other countries”.
The government will also consider using CBDC when interacting with other countries.
Recall that in early July, the Bank of Japan launched a test of the national digital currency.
In the spring, China accelerated the development of its own digital currency due to US sanctions and the consequences of the COVID-19 pandemic. Later the Central Bank of South Korea also confirmed plans to create its own CBDC.