It started its second phase earlier this year but did not get the support from the public.
They are sane. They have common sense. CBDCs are even worse than traditional fiat money. The government (with the central bank) would have total control with that. They could see and supervise literally every transaction with that.
They’ll return to doing it. The plans ahead are global and Japan will not be able to avoid it. I’m the Fed trust me 🤣