Central Bank Digital Currency

• The Bank's Approach to CBDC
• Related Releases

The Bank's Approach to CBDC

• The Bank of Japan's Approach to Central Bank Digital Currency
• The Bank of Japan's Approach to Central Bank Digital Currency [PDF 551KB]

Related Releases

Experiments

• CBDC Forum

Table : Experiments

Date	Title
May  31, 2024	Central Bank Digital Currency Experiments: Progress on the Pilot Program (April 2024) [PDF 1,273KB]
May  29, 2023	Central Bank Digital Currency Experiments: Results and Findings from "Proof of Concept Phase 2" [PDF 1,646KB]
Feb. 17, 2023	Commencement of Central Bank Digital Currency Experiments: Pilot Program [PDF 534KB]
May  26, 2022	Central Bank Digital Currency Experiments: Results and Findings from "Proof of Concept Phase 1" [PDF 894KB]
Mar. 25, 2022	Commencement of Central Bank Digital Currency Experiments (Proof of Concept Phase 2) [PDF 119KB]
Apr.  5, 2021	Commencement of Central Bank Digital Currency Experiments [PDF 128KB]

Liaison and Coordination Committee on CBDC

Table : Liaison and Coordination Committee on CBDC

Date	Title
July  5, 2022	Liaison and Coordination Committee on Central Bank Digital Currency "Interim Report" [PDF 1,820KB]
Mar. 26, 2021	Establishment of "Liaison and Coordination Committee on Central Bank Digital Currency" [PDF 130KB]

Joint Research Projects with Other Central Banks

Table : Joint Research Projects with Other Central Banks

Date	Title
Feb. 12, 2020	Project Stella: the ECB and the Bank of Japan release joint report on distributed ledger technology (Phase 4)
June  4, 2019	Project Stella: the ECB and the Bank of Japan release joint report on distributed ledger technology (Phase 3)
Mar. 27, 2018	Project Stella: the ECB and the Bank of Japan release joint report on distributed ledger technology (Phase 2)
Sept.  6, 2017	Project Stella: the ECB and the Bank of Japan release joint report on distributed ledger technology

Research Papers and Reports

Table : Research Papers and Reports

Date	Title
Aug. 30, 2024	Deposit Tokenization: Survey of Overseas Initiatives
Nov. 30, 2023	Efforts to Improve Payments Using DLT - Focusing on Wholesale CBDC Experiments in Various Countries -
Jan. 20, 2023	Privacy Enhancing Technologies: Payments and Financial Services in a Digital Society
Apr. 27, 2022	Interoperability and Standardization in Financial Services in the Digital Age
June  9, 2021	Standardization in Information Technology related to Digital Currencies

Speeches

Table : Speeches

Date	Speaker	Title
June  4, 2025	KAMIYAMA Kazushige, Executive Director	"Envisioning the Future of Payment Systems in the Digital Society" (Opening Remarks at the Ninth Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency)
Feb. 17, 2023	UCHIDA Shinichi, Executive Director	"Taking the Next Step" (Opening Remarks at the Fifth Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency)
Nov. 24, 2022	UCHIDA Shinichi, Executive Director	"Envisioning the Future of Payments" (Opening Remarks at the Fourth Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency)
Apr. 13, 2022	UCHIDA Shinichi, Executive Director	"Possible Design Choices of CBDC" (Opening Remarks at the Third Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency)
Oct. 15, 2021	UCHIDA Shinichi, Executive Director	"The Future of Payment and Settlement Systems With or Without Central Bank Digital Currency" (Opening Remarks at the Second Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency)
Mar. 26, 2021	UCHIDA Shinichi, Executive Director	Opening Remarks at the First Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency