Japan is still undecided on whether or not it will issue a central bank digital currency or CBDC. However, this uncertainty has not stopped the Bank of Japan (BOJ) from experimenting with a potential digital yen. The BoJ, Japans central bank, has begun collaborating with three megabanks and regional banks for a CBDC issuance pilot, according to a report by the local news agency Nikkei. The pilot program aims to offer demo experiments for the issuiance of the digital yen, Japans national digital currency, which is expected to commence in the spring of 2023. The BoJ is anticipated to work…
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