Japan’s PM: Web3 as Engine for Domestic Growth, Not Global Dominance

Japanese Prime Minister Fumio Ishiba envisions Web3 technology serving not as a tool to dominate the global stage, but rather to revitalize local economies. He emphasizes the potential of Web3 in regional projects like Shimane Prefecture’s digital coin program, which rewards residents for tackling community challenges with tokens redeemable within the region. The government is also incorporating blockchain infrastructure into the Osaka-Kansai Expo, showcasing its commitment to domestic development strategies tied to these technologies.