Odaily Planet Daily News - The Japanese government recently made a formal response to Senator Satoshi Hamada's inquiry about the latest developments in the United States and other countries pushing for Bitcoin reserves. The written response was issued in the name of Prime Minister Shigeru Ishiba, clarifying the government's position on the possibility of holding crypto assets as reserves. Senator Satoshi Hamada stated on the 11th of this month, 'I believe Japan should follow the United States and consider investing some of its foreign exchange reserves in Bitcoin and other crypto assets,' and sought the government's opinion on this matter. The response indicated that Japan currently has no understanding of the trends regarding the introduction of Bitcoin reserves by the United States and other countries, as these plans are still in the discussion phase, making it 'difficult for the government to express its views.' Furthermore, according to the legal framework governing special account operations, 'crypto assets do not fall under the category of foreign exchange,' and the current foreign exchange reserves are aimed at stabilizing foreign currency assets and the foreign currency bond market. The response emphasized multiple times that the management of special accounts prioritizes ensuring the safety and liquidity of foreign exchange reserves. This indicates that the government recognizes the volatility of crypto assets, including Bitcoin (price fluctuations), as inconsistent with the current system. Prime Minister Ishiba's official response further indicates that as discussions progress domestically and internationally regarding the inclusion of crypto assets in national reserve strategies, the Japanese government remains cautious.

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