Tokyo woke up to the definitive news this morning: Sanae Takaichi secured a sweeping landslide victory in the ruling Liberal Democratic Party (LDP) leadership election. Her decisive win, capturing 65% of the total vote, paves the way for her to become Japan’s next Prime Minister, signaling a strong shift within the LDP toward a more progressive fiscal and digital policy agenda.
Takaichi, the former Internal Affairs Minister, crushed rivals across both the parliamentary and regional party member ballots, indicating a broad mandate for change. The financial sector, particularly the digital asset industry, has responded with immediate enthusiasm.
Known as a staunch proponent of technological advancement, Takaichi has been an outspoken advocate for modernizing Japan’s financial regulations, repeatedly stressing the need for regulatory clarity regarding stablecoins, NFTs, and decentralized autonomous organizations (DAOs). Her proposed “Digital Japan 2.0” initiative promises significant tax reforms aimed at reducing the steep capital gains burdens currently placed on crypto investors and corporations operating Web3 projects in Japan.
Following the announcement, major decentralized exchange tokens (DEXs) and local Japanese blockchain projects experienced significant surges. Analysts view Takaichi’s victory as the strongest signal yet that Japan is positioning itself to reclaim leadership in the global fintech space, potentially reversing the recent trend of crypto startups leaving for more accommodating jurisdictions like Singapore or Dubai.
Source: Morning Minute: Japan’s Crypto-Friendly Takaichi Wins Landslide Victory
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