Japan’s Crypto Industry Faces Critical Test Ahead of Snap Election

In brief

  • Prime Minister Sanae Takaichi has cast Sunday’s snap election as a referendum on her leadership.
  • Crypto markets are watching for signals on the speed of tax, stablecoin and legal reforms.
  • The vote comes amid inflation pressures, weak wage growth and rising bond yields.

As Japan heads to the polls on Sunday, Prime Minister Sanae Takaichi is staking her political future on translating approval ratings of 60-80% into a parliamentary majority that could accelerate crypto reforms.

Takaichi has turned the election into a referendum on her leadership, declaring she is “putting my future as prime minister on this election.”

She called the parliament dissolution move an “extremely weighty decision” that would “determine Japan’s…

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