Japan's Financial Services Agency Budget Hits Record High, Enhancing Oversight of Crypto Assets and AI

Record-High Budget Request

The Financial Services Agency has entered adjustments for a record-high budget request of approximately 40 billion yen for FY 2027, aimed at strengthening digital responses in financial administration. This was revealed in reports by Nikkei and Kyodo News on the 24th, indicating an increase of about 60% compared to the previous fiscal year.

In the area of digital investments, the agency plans to develop a market monitoring and surveillance infrastructure utilizing AI (Artificial Intelligence). This includes enhancing cybersecurity measures for financial institutions and preparing for potential threats posed by quantum computers...