Tectono Business Review: JAPAN PRIME MINISTER SHARES VISION FOR THE DIGITAL ECONOMY THROUGH WEB3 TRANSFORMATION

Tuesday 25 July 2023

JAPAN PRIME MINISTER SHARES VISION FOR THE DIGITAL ECONOMY THROUGH WEB3 TRANSFORMATION

The Prime Minister of Japan, Fumio Kishida, has stated that the country’s comprehensive annual policy blueprint includes measures that prioritize user protection while contemporaneously enhancing the environment for the utilization of Web3 tokens.

The essence of this move is to reinvigorate the content industry and marks a significant step in Japan’s digital transformation journey.

The Prime Minister made this announcement during a video broadcast at the WebX conference in Tokyo.

This further cements the Liberal Democratic Party’s support for Web3.

According to him, Web3 is part of the new form of capitalism and a reference to his flagship economic policy designed to stimulate growth and wealth distribution through a focus on innovation, start-ups, and digital transformation.

He hinted at an ambitious large-scale project by a major Japanese company that will establish a valuable economic zone in the metaverse.

Looking ahead, the future of Web3 in Japan appears bright.

With its recent developments and the country’s commitment to digital transformation, Web3 is poised to play a significant role in shaping Japan’s digital economy.

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Tuesday 25 July 2023

JAPAN PRIME MINISTER SHARES VISION FOR THE DIGITAL ECONOMY THROUGH WEB3 TRANSFORMATION

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