Japan's 2026 Fiscal Policy Outlines Promotion of On-Chain Finance for the First Time

On June 21, the Japanese government approved the 'Basic Policy on Economic and Fiscal Management and Reform 2026' (Kototsubo Policy 2026), as part of its financial strategy aimed at achieving a 'strong economy'. This policy explicitly mentions the promotion of 'on-chain finance', which utilizes tokenized deposits and stablecoins. The Kototsubo Policy is a fundamental economic and fiscal policy guideline decided by the Cabinet annually between June and July, serving as the basis for the next fiscal year's budget formulation. This is the first time the term 'on-chain finance' has been included in the Kototsubo Policy...