[The Japanese Government Responded To Questions About Bitcoin Reserves, Indicating That It Remains Cautious] According To Coinpost, The Japanese Government Recently Responded To Senate Member Satoshi Hamada's Question About Understanding The Dynamics Of Bitcoin Reserves In The United States And Other Countries. The Response Was Issued In The Name Of Prime Minister Shigeru Ishiba, Clarifying The Government's Position On Using Crypto Assets As Reserves. The Japanese
government Said That It Is Not Aware Of The Bitcoin Reserve Plans Of These Countries Because These Plans Are Still Under Discussion And "it Is Difficult For The Government To Express Its Position." In Addition, According To The Legal Framework, Crypto Assets Do Not Fall Into The Category Of Foreign Exchange, And Foreign Exchange Reserves Are Intended To Stabilize Foreign Currency Assets And Bond Markets. The Response Repeatedly Emphasized That Foreign Exchange Reserve Management Should First Ensure Security And Liquidity, Indicating That It Is Recognized That The Volatility Of Crypto Assets (such As Bitcoin) Is Inconsistent With The Current System.
Shigeru Ishiba's Response Shows That The Government Remains Cautious As Discussions On Incorporating Crypto Assets Into The National Reserve Strategy Advance In Japan And Abroad