Japan's Finance Minister Katsunobu Kato expressed that cryptocurrencies can be part of a diversified investment portfolio despite their volatility. This statement was made at the WebX2025 digital assets forum in Tokyo.
Finance Minister's Remarks
During the WebX2025 forum in Tokyo, Kato stated, "Crypto assets have risks surrounding high volatility, but through building an appropriate investment environment, they could be part of diversified investments."
Cryptocurrency Situation in Japan
Kato's comments come at a time when Japan's debt-to-GDP ratio exceeds 200%. Many financial experts have expressed concerns about potential financial repression and depreciation of the yen. In light of these issues, the Japanese government is looking into integrating cryptocurrencies to stimulate economic growth.
Future Events and Plans
On August 18, Japan's Financial Services Agency (FSA) approved the launch of the country's first yen-backed stablecoin. Additionally, Eric Trump is expected to visit Tokyo for the Metaplanet Shareholder Meeting to discuss new capital-raising methods.
The Finance Minister's remarks highlight the growing interest in cryptocurrencies in Japan amid economic challenges. The government is focused on creating a more crypto-friendly environment.
