Japan Backs Crypto as Part of Diverse Investments
Japan’s Finance Minister Katsunobu Kato has endorsed cryptocurrencies as a viable component of diversified investment portfolios, citing their potential to enhance financial resilience. Speaking at a Tokyo event, Kato emphasized the government’s commitment to fostering innovation without imposing heavy-handed regulation.
The remarks come amid broader economic concerns, including Japan’s mounting debt and yen volatility. The minister’s stance signals a strategic pivot toward digital assets as a tool to expand investor options and mitigate systemic risks.