Japan's New Prime Minister Supports Blockchain And NFT Policies

According to Odaily, Japan's newly appointed Prime Minister Shigeru Ishiba has unveiled policies in support of blockchain and NFTs. He also plans to appoint Masaaki Taira, the current head of the Liberal Democratic Party's Web3 task force, as the new Minister of Digital Affairs. Ishiba's office released an official policy document, and a report from CoinPost highlighted the potential of blockchain and NFTs to boost regional economies. Ishiba stated, 'By using blockchain technology and NFTs, we aim to maximize the value of various local products, such as food and tourism experiences. We will achieve this by restoring their value to global prices.' Meanwhile, Taira has previously discussed plans to leverage NFTs to enhance the visibility of Japan's intellectual property assets.