The new team would follow up on the Bank of Japan’s efforts on CBDCs, as well as on joint research that the central bank has been carrying out with other major central banks since January. In other words, the new team is set to take over from a previous working (research) group, which was created in January this year to look into the feasibility of a national CBDC. Furthermore, the team would continue doing research work undertaken with other leading central banks.
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