The Japanese government has expressed reluctance to follow in the footsteps of the US by considering Bitcoin as a strategic reserve asset. The government's response comes after a suggestion by House of Councillors member Satoshi Hamada that Japan should consider such a move. The Japanese government's position is that it is "difficult to clarify our views" on the matter, as countries like the US are still in the process of discussing it. Prime Minister Shigeru Ishiba emphasized that Japan's current foreign exchange reserves are intended to maintain the stability of foreign exchange assets and the bond market, and cryptocurrencies like Bitcoin do not currently fall under that category. Ishiba further cited the price volatility of cryptocurrencies as a concern.

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