Japan’s Financial Services Agency Plans Major Restructuring for Fiscal Year 2026

The Japan Financial Services Agency (FSA) has released a detailed plan outlining its reorganization for fiscal year 2026. This restructuring will involve the establishment of a dedicated ‘Cryptocurrency and Innovation Department’ with a budget of 25 billion yen, an increase of 1.19 billion yen from the previous fiscal year, roughly equivalent to $170 million. The agency intends to leverage digital technologies like fintech, cryptocurrency trading, and artificial intelligence to enhance its ability to adapt to evolving financial services landscapes.