On the 26th, CoinPost reported that the Japanese government responded to a question from Senator Hamda Satoshi about the adoption of Bitcoin reserves by the United States and others. The government stated, "At the current stage, we are not closely monitoring the movements of the United States and others," and added, "It is difficult for the government to express a view."
Prime Minister Ishiba Shigeru explained that, according to the legal framework regarding special account operations, cryptocurrencies do not qualify as foreign exchange. He noted that foreign exchange reserves are currently aimed at stabilizing foreign construction assets or the foreign bond market. Senator Hamda Satoshi had previously urged the consideration of incorporating cryptocurrencies like Bitcoin into foreign exchange reserves.
