Nintendo Announces Plans for Japan Museum

A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
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Nintendo Announces Plans for Japan Museum

A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon

After opening its first-ever theme park this March, Nintendo is giving fans something else to get excited about: a planned "Nintendo Gallery" museum set to open by spring 2024.

The Japanese gaming giant announced Wednesday it plans to repurpose an old factory site in Kyoto, where the firm is based, to exhibit its history and beloved gaming products.

"Nintendo has been discussing the possibility of building a gallery, as a way to share Nintendo's product development history and philosophy with the public," the company said in a statement.

The facility "where Nintendo's historical products will be showcased, and exhibits and experiences will be available" is expected to be completed by March 2024, AFP quoted the statement as saying.

There was little detail yet on what fans of the company behind legends such as Super Mario and Donkey Kong can expect from the museum.

It will be built on the site of a plant located in Kyoto's Uji city, which was built in 1969 and made Western-style playing cards as well as the Japanese playing cards called "hanafuda" that were Nintendo's original bread and butter.

The plant also served as a video game console repair center, but operations were transferred elsewhere in 2016, and Nintendo said it had been brainstorming ways to use the plant ever since.

Nintendo began life in 1889 as a manufacturer of hanafuda cards and launched its first home video game machines, known as TV Game 15 and TV Game 6, in 1977.

The Super Mario Bros. games were launched in 1985, two years after the company began selling its Nintendo Entertainment System console.

Super Nintendo World, the company's first theme park, opened in March after months of pandemic delays. It is part of the Universal Studios Japan complex in Osaka, and features a Mario Kart ride with a real-life Bowser's Castle.



Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
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Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank of England said on Tuesday, pushing back the timeline for the project.

Former Prime Minister Rishi Sunak championed the idea of a digital currency in 2021 when he was finance minister, but the BoE and the current government have been more reluctant and a public consultation attracted widespread privacy concerns.

Governor Andrew Bailey said in October that a central bank digital currency was "not my preferred option" but might be needed if British banks did not ensure their payment systems were more attractive than those offered by less regulated tech companies, Reuters reported.

The BoE said on Tuesday it was starting work with Britain's finance ministry on a potential design for a digital currency, in line with plans in a previous consultation.

"After completing the design phase over the next couple of years, including taking account of developments in the wider payments landscape, the Bank and government will assess the policy case for a digital pound and determine whether or not to proceed," the BoE said.

In January 2024, the BoE said a decision on whether to go ahead with a digital currency would not be made before 2025 at the earliest.

Britain's government has said a digital pound would be private but not anonymous, unlike physical cash.

As with existing bank accounts and credit card payments, authorities would be able to track transactions they suspect involve money laundering or finance terrorism.

"This legislation would safeguard users' privacy, guaranteeing that neither the Bank nor the government could access users' personal information nor control how households and businesses use their money," the BoE said.