Japan lawmakers push government for G7 talks on digital yen www.reuters.com

TOKYO (Reuters) - Japan should prepare to issue digital currencies and propose bringing up the topic at this year’s G7 meetings to counter China’s move toward issuing a digital yuan, a group of ruling party lawmakers said on Friday.
While Japan is unlikely to issue a digital currency any time soon due to technical and legal hurdles, the move underscores growing pressure Tokyo is feeling in keeping pace with advances China has made toward issuing a digital yuan.
Japan should liaise with the United States to share information and conduct technical studies on digital currencies, the group’s proposal said.
“Japan should work in close coordination with the United States,” he said.
The United States is this year’s chair of the Group of Seven advanced economies’ meetings.