Golden Finance reports that the Japanese government has recently provided an official response to the proposal made by Senator Akira Hamada regarding the movement of countries such as the United States promoting Bitcoin as a reserve asset. In the response, the Japanese government stated that it currently does not have detailed information on the relevant movements in the United States and other countries, and mentioned that the introduction of Bitcoin as a reserve asset is still in the discussion stage, making it difficult for the Japanese government to express an opinion on the specifics. Furthermore, the Japanese government, based on the legal framework for the use of special accounts, pointed out that 'crypto assets do not fall under the category of foreign exchange,' and explained that the current foreign exchange reserves aim primarily at the stability of foreign currency-denominated assets and the foreign currency bond market. The response document repeatedly emphasizes that the use of special accounts prioritizes the security and liquidity of foreign exchange reserves. It is evident that the Japanese government considers the price volatility of crypto assets, including Bitcoin, to be high and inconsistent with the current system. The response document again indicates that, in the context of ongoing discussions both internationally and domestically about incorporating crypto assets into national reserve strategies, the Japanese government still maintains a cautious stance.

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