According to news from Deep Tide TechFlow on December 26, as reported by Coinpost, the Japanese government made an official response to inquiries from Senate member Akira Hamada regarding 'the promotion of Bitcoin reserves by the United States and other countries'. Akira Hamada previously proposed on December 11 that 'Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other cryptographic assets.'
In this regard, the Japanese government stated that it has not yet fully grasped the relevant trends in the United States and other countries, and believes that discussions in other countries regarding the introduction of Bitcoin reserves are still ongoing, making it difficult for the government to take a specific stance on the matter. According to the legal framework of the special accounting operation, 'cryptographic assets do not belong to foreign exchange', and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and foreign currency bond markets.
The defense document repeatedly emphasizes that the special accounting operation will prioritize the safety and liquidity of foreign exchange reserves, suggesting that the volatility of cryptocurrencies like Bitcoin is inconsistent with the current system.
