Satsuki Katayama Appointed as Finance Minister, Expected to Advance Cryptocurrency Regulation

On October 21, it was reported that Sanae Takaichi, the leader of the Liberal Democratic Party, has decided to appoint former Minister in charge of Regional Revitalization, Satsuki Katayama, as the new Finance Minister in the upcoming cabinet. Ms. Katayama is widely recognized as an expert on the Ministry of Finance, where she has spent her career. She has been involved in significant reforms, including ongoing discussions on the transition under the Financial Instruments and Exchange Act and regulations on stablecoins in the realm of cryptocurrency regulation. Ms. Katayama has held many key positions at the Ministry of Finance over the years, deeply engaging in financial policy. Notably, she played roles in the 1988 amendments to the Securities Exchange Act (insider trading regulations) and addressing the non-performing loan issues in the late 1990s...