BoJ to test CBDC next year, reports say

Bank of Japan
The Bank of Japan

The Bank of Japan will launch a prototype central bank digital currency (CBDC) with major Japanese commercial banks next spring, according to media reports.

The two-year pilot study will be with the country’s biggest three commercial banks and some regional lenders, Nikkei Asia reported. Central Banking has asked the Bank of Japan for comment.

The central bank will carry out experiments to test deposits and withdrawals from accounts, Nikkei Asia said. It will also check whether the CBDC can

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account