Opinion | As Japan takes aim at crypto, first mover Hong Kong must look out
Mere days after her election as Japan’s new prime minister, Sanae Takaichi delivered a policy speech declaring that a major priority was to build a strong and resilient economy. Since then, her administration has ushered in a rapid-fire series of policies to support digital assets, with the goal of countering Japan’s sluggish economic growth.
This shift has introduced a new dynamic in Asia, with Tokyo clearly no longer content to watch Hong Kong become Asia’s premier cryptocurrency hub. Instead, Japan is positioning itself as a direct competitor, leveraging its deep credibility, massive retail market and governmental support to revitalise its economy and reinforce its status as a global financial leader.
Hong Kong has made headlines…
