Japan's FSA Requests an Additional ¥13.4 Billion for FY2027 Budget, Plans New Division for Crypto Asset Oversight

The Financial Services Agency (FSA) has disclosed the details of its budget and staffing requests for fiscal year 2027. The total budget amounts to ¥40.3 billion, marking an increase of ¥13.4 billion from the previous year's budget. The breakdown includes ¥20 billion for personnel expenses, ¥15.5 billion for material costs, and ¥4.8 billion allocated in a lump sum by the Digital Agency. The increase aims to further develop initiatives to establish Japan as a leading nation in asset management and to implement financial regulations effectively. On the organizational and staffing front, a total increase of 32 personnel is proposed...