On August 26, Nikkei reported that Japan’s Financial Services Agency, Ministry of Finance and Bank of Japan will build a blockchain settlement system for stocks and government bonds.
The target is a bond market of roughly ¥1,000 trillion, about $7 trillion.
The headline word is blockchain. The decision underneath is about money, because Japan plans to settle trades in tokenized central bank reserves. That is the opposite of what America chose eight months ago.
