BoJ’s Uchida outlines phase two of CBDC experiments


Shinichi Uchida, executive director at the Bank of Japan, outlined the next phase of work on the country’s prospective central bank digital currency (CBDC) on April 13. 

Earlier in April, the central bank started phase 2 of its proof of concept, after which it will consider a pilot programme with financial institutions and payment service providers. 

The decision as to whether or not a CBDC should be issued cannot be made by the bank or the financial sector alone, Uchida said. “It will have to

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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