Japan has become the latest country to face calls to explore the feasibility of establishing a Strategic Bit Reserve (SBR).
The proposal comes as global interest in Bit reserves is growing, especially after Donald Trump's victory in the US election.
Japan Called to Explore Bit Reserve and DOGE Potential
On December 11, Japanese lawmaker Satoshi Yamada submitted an official question to the Japanese government, emphasizing the need to analyze global initiatives focused on Bit reserves. He pointed out that implementing this initiative could improve Japan's financial markets and strengthen its economic position.
Yamada also raised the possibility of converting a portion of Japan's foreign exchange reserves into Cryptoassets like Bit and asked the government's stance on this issue.
"I believe this issue needs to be considered, and I would like to hear the government's views. Should Japan also introduce a system to convert a portion of its foreign exchange reserves into Cryptoassets like Bit?," the lawmaker asked.
In the past month, efforts to establish Bit reserves have been increasing globally since Trump pledged during his campaign to create a national Bit reserve.
After his election, several US states, including Pennsylvania and Texas, have initiated laws to build strategic Bit reserves. Dennis Porter, CEO of the Satoshi Action Fund, said at least 10 states are actively drafting similar bills and expects many more states to follow.
"President Trump should be ready to sign an Executive Order on Day One for a 'Strategic Bit Reserve'. If not, the states will be ready to win the race. Pennsylvania and Texas are leading. At least 10 states will introduce SBR bills. Likely many more states," Porter stated.
In addition to focusing on Bit reserves, Yamada also expressed interest in the newly established Department of Government Efficiency (D.O.G.E) in the US.
"I think this is a policy that Japan should pay attention to," he said.
The department, created under Trump's "Keep America Great" movement, aims to streamline federal functions, reduce government spending, and increase operational efficiency. Tech billionaire Elon Musk and biotech inventor Vivek Ramaswamy have been appointed to lead D.O.G.E.
Since taking office, the two leaders have outlined strategies to reform government operations, focusing on reducing bureaucracy and enhancing economic freedom. Yamada suggested that Japan could draw inspiration from this initiative when evaluating policies to drive economic growth and improve government efficiency.
