The Bank of Japan has released its second progress report on the Digital Yen pilot program, highlighting ongoing research into integrating central bank digital currency (CBDC) with distributed ledger technology (DLT). The report indicates that researchers are considering the deployment of CBDC on a public blockchain, although this is not currently feasible. Future developments may involve adopting a Layer 2 blockchain solution to enhance control. Despite these explorations, Kazushige Kamiyama, an executive member of the Bank of Japan, confirmed that there are no immediate plans to issue a CBDC.