Takaichi Administration's Landslide Victory in the Lower House Election Raises Expectations for Cryptocurrency Tax Reform and Transition to Financial Instruments and Exchange Act

In the House of Representatives election held on the 8th, the Liberal Democratic Party led by Prime Minister Sanae Takaichi won 316 seats, marking the largest post-war victory. By securing more than two-thirds of the seats on its own, the party has ensured stable government operations.

Following the election results, the cryptocurrency industry is keenly observing the implications for tax reform, the transition to the Financial Instruments and Exchange Act, and the impact of aggressive fiscal policies. Had there been a change in administration, these policies might have faced setbacks, so the industry has positively received this significant victory.

Aggressive Fiscal Policy and Market Sentiment

The 'responsible aggressive fiscal policy' advocated by the Takaichi administration is likely to strengthen market risk preference through household support and economic downturn measures, ...