Japan’s New Prime Minister Shigeru Ishiba Backs Blockchain and NFT to Boost Regional Economy

On October 1, COINOTAG reported a significant policy shift as outlined by Japan’s new Prime Minister Shigeru Ishiba. According to the official document, Ishiba envisions the integration of blockchain technology and non-fungible tokens (NFTs) to bolster the regional economy. Ishiba emphasized, “Leveraging blockchain and NFT technology, we aim to unlock the potential of numerous local products and experiences, particularly in sectors like food and tourism.” Further highlighting the national strategy on digital advancements, Sota—CEO of Web3 infrastructure Startale Labs—disclosed that Masaaki Taira, the ex-chairman of Japan’s Web3 initiative, is a potential candidate for the role of Digital Minister. This move underscores Japan’s commitment to embedding innovative technologies within its economic framework to drive regional growth and maximize digital asset utilization.

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