News On Japan

Why Japan is embracing crypto rapidly

TOKYO, May 18 (Crypto Daily) - Japan, which missed out on the Web2 revolution -- by failing to produce its own Meta, Google, Amazon, and Alibaba -- is now looking to regain its economic prowess by embracing the burgeoning crypto and Web3 industry.

In this regard, the Japanese government has already recognized the potential of this sector, so much so that it has made Web3 a major part of its national strategy.

For starters, in September 2022, the government published a white paper — which has since been approved — discussing the implementation of several future-ready technologies, including blockchain, central bank-backed digital currencies (CBDCs), etc, into its existing governance and technological frameworks.

As a result, a number of reputable Japanese firms, such as Toyota, Sony, and NTT, have showcased a keen interest in various decentralized offerings. Not only that but moving ahead, decision-makers in Japan see the Web3 paradigm as the next big opportunity for local companies to forge ahead and stand at the forefront of the global economy.

Japan's ambition to become a leader in the Web3 industry seems to be driven by its need to compete internationally and to counteract a shrinking domestic market due to an aging population. Japanese companies are being encouraged to invest more in software and create platforms — possibly on the blockchain — to grow the nation’s economic influence outside of the country.

Moreover, the Asian powerhouse is also looking to leverage its world-class intellectual property in manga, anime, and computer games in the Web3 space, particularly through NFTs. However, there is a knowledge gap, with many creators unsure of how to deploy their creations on the blockchain.

To this point, Sota Watanabe, the founder of Astar Network and a member of the Japanese Government's web3 task force, recently explained: "A lot of digital creators, gaming companies would like to work on Web3, especially NFTs. But the problem is they don't know how to.” ...continue reading

News On Japan

The Emperor and Empress of Japan have arrived in the UK for an official visit aimed at strengthening friendly relations. This marks the Emperor's first state visit to the UK in 26 years since 1998.

According to a report by the Organisation for Economic Co-operation and Development (OECD), 28.3% of women born in 1975 in Japan are childless, the highest rate among member countries.

The long-standing seniority-based system in Japanese companies is being phased out. Many have considered it natural to rise with age, but there have been times when people desired recognition based on ability. With this deeply ingrained system now under review, will the decision by a major bank change Japan's corporate culture?

In a significant ruling regarding the estate of businessman 'Kishu Don Juan,' the court declared on Friday the will, which states that his 1.3 billion yen estate be donated entirely to the city, to be valid. Relatives had contested the will's validity, but the court dismissed their claims.

A controversy has erupted over the sale of high-priced premium seats at the Gion Festival. Yasaka Shrine's chief priest has expressed concern over the decision to sell premium seats for 150,000 yen each, stating, "This is not a show."



At the SoftBank Group's annual general meeting on June 21, Chairman and CEO Masayoshi Son stated that artificial intelligence (AI) would surpass human intelligence by 10,000 times within the next decade, reaffirming his commitment to expanding investments in this field.

Popular anime singer Yoko Takahashi, known for her hit song 'A Cruel Angel's Thesis' from the anime 'Neon Genesis Evangelion,' has abruptly withdrawn from a concert. The reason behind this decision was an AI-generated poster.

JDB (Just Do the Best) is a leading online gaming provider that primarily targets the Asian market. Founded in 2010, the company has quickly gained popularity for its high-quality, visually stunning games with unique features and mechanics.

Google has announced a new initiative to address the challenges faced by all 47 prefectures in Japan through artificial intelligence, in collaboration with the University of Tokyo.

The intense competition in generative AI technology raises concerns over misuse, such as the creation of fake videos. We explored this issue through AI video creation.

In a move to make generative AI more accessible, major mobile carrier SoftBank has announced the free provision of its latest AI-powered search tool to mobile users.

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A public-private-academic collaborative organization, the Aichi Sports Innovation Consortium (AiSIA), was established on June 11, 2024, to revitalize the region through sports using digital technology.