TOKYO, April 14 (Reuters) - Following the Bank of
Japan's launch this month of a pilot programme to test the use
of a digital yen, the Ministry of Finance plans to convene a
meeting of experts on April 21 to discuss the way forward.
The nine experts, who include academics, economists, a
lawyer and a consumer group representative, will meet regularly,
and compile a report by the end of this year.
Central banks around the world have scrambled to develop
digital currencies to modernize financial systems and facilitate
domestic and cross-border payments.
But Japan remains undecided on whether to issue a central
bank digital currency (CBDC), and the BOJ has said the pilot
programme may last for several years.
"We understand the BOJ's study is making a steady headway,"
a finance ministry official told reporters. "However, we have
not at all decided on whether Japan will issue a CBDC."
The BOJ and Financial Services Agency will attend the
panel sessions as observers.
(Reporting by Tetsushi Kajimoto; Editing by Simon
Cameron-Moore)
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