Japan edges closer toward issuing digital yen with plans for new panel

Japan edges closer toward issuing digital yen with plans for new panel

A city view in Tokyo, Japan. Photo by Ryo Yoshitake on Unsplash.

Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC).