The Bank of Japan (BoJ) and the government have teamed up to address the legal complexities surrounding digital yen issuance. It is aimed to resolve these issues in the spring of 2024. BoJ successfully completed the second phase of CBDC tests in 2023. Japan, unlike the US, is positive about CBDC and taxes on cryptocurrency earnings may be eliminated from April 2024. There is increasing openness to CBDCs in Asia.