TechFlow News, on December 26, according to Coinpost, the Japanese government has formally responded to a parliamentary inquiry by Upper House member Satoshi Hamada regarding "the United States and other countries advancing bitcoin reserves." Hamada previously proposed on December 11 that "Japan should follow the example of countries like the U.S. and consider converting part of its foreign exchange reserves into crypto assets such as bitcoin."
In response, the Japanese government stated it currently does not have detailed knowledge about related developments in the U.S. and other nations, noting that discussions in other countries about adopting bitcoin as reserves are still ongoing, making it "difficult for the government to take a specific position at this stage." Under the legal framework governing special accounting operations, "crypto assets are not classified as foreign exchange," and current foreign exchange reserves are primarily aimed at maintaining stability in foreign currency and foreign bond markets.
The official reply repeatedly emphasized that special accounting operations prioritize the safety and liquidity of foreign exchange reserves, suggesting that the volatility of crypto assets like bitcoin is incompatible with the existing system.
