PANews reported on December 26 that according to Coinpost, the Japanese government recently responded to a question from Senator Satoshi Hamada about understanding the dynamics of the United States and other countries promoting Bitcoin reserves. The response was issued in the name of Prime Minister Shigeru Ishiba, clarifying the government's position on using crypto assets as reserves.
The Japanese government said that it is not aware of the Bitcoin reserve plans of these countries because these plans are still under discussion and "it is difficult for the government to express its position". In addition, according to the legal framework, crypto assets do not fall into the category of foreign exchange, and foreign exchange reserves are intended to stabilize foreign currency assets and bond markets. The reply repeatedly emphasized that foreign exchange reserve management should first ensure security and liquidity, indicating that it recognizes that the volatility of crypto assets (such as Bitcoin) is inconsistent with the current system.
Ishiba’s response shows that the government remains cautious as discussions on incorporating crypto assets into the country’s reserve strategy advance both inside and outside Japan.
