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Japan's Embrace of Web3 Uncertain as Ruling Party Under Threat

Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.

Kishida reiterated “Web3 is part of the new form of capitalism,” referring to his flagship economic policy intended to drive growth and wealth distribution. (Photo by Takayuki Masuda/ CoinDesk Japan)
Kishida reiterated “Web3 is part of the new form of capitalism,” referring to his flagship economic policy intended to drive growth and wealth distribution. (Photo by Takayuki Masuda/ CoinDesk Japan)