BOJ to Conduct Digital Yen Trial With Japan’s Megabanks: Nikkei

Nov. 23, 2022, 10:14 AM UTC

The Bank of Japan is coordinating an experiment on the issuance of central bank digital currency with the nation’s three megabanks and regional banks, Nikkei reports, without attribution.

  • Trial will start in spring 2023
  • Will spend two years verifying whether there are any problems with deposits and withdrawals and decide whether to proceed with a CBDC in 2026

To contact the reporter on this story:
Gareth Allan in Tokyo at gallan11@bloomberg.net

To contact the editors responsible for this story:
Yusuke Miyazawa at ymiyazawa3@bloomberg.net

Leonard Kehnscherper

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