The Japanese government has recently expressed its position on Bitcoin as a foreign exchange reserve: Due to its high volatility, Bitcoin will not be included in Japan's foreign exchange reserves in the near future.
Although Senator Hamada Satoshi proposed that Japan should follow the lead of the United States and other countries to promote a Bitcoin reserve strategy, Prime Minister Ishiba Shigeru responded that global discussions about Bitcoin reserves are still in the 'early stages', and it is difficult for the Japanese government to express its views.
Additionally, Federal Reserve Chairman Powell also stated that the Fed is not allowed to hold Bitcoin and is not considering adding Bitcoin to its balance sheet.
Therefore, although the discussion on whether cryptocurrencies should become national strategic reserve assets is advancing internationally, the Japanese government currently maintains a cautious attitude, believing that the volatility of crypto assets is inconsistent with the current foreign exchange reserve system.
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