News On Japan

Japan and Singapore lead Asia’s crypto race as South Korea lags

Oct 05 (ambcrypto.com) - South Korean analysts and experts have taken note of Japan’s ambitious endeavors in the crypto and Web3 space, with some speculating that it might become a “crypto and Web3 El Dorado.”

While Japan’s restrictive crypto regulations have started to ease, South Korea is contemplating stricter oversight. This has raised concerns among its crypto firms.

Prime Minister Fumio Kishida’s administration in Japan has been proactive in fostering the Web3 sector, aiming to transform the country into a crypto and Web3 powerhouse.

The government has been implementing supportive measures and relaxing regulations, setting the stage for potential growth in these emerging fields.

One notable move by Kishida was his video speech at the WebX conference in July, hosted by CoinPost, Japan’s largest crypto-focused media outlet. The event saw the attendance of high-profile government officials. ...continue reading

News On Japan
POPULAR NEWS

An elderly man in Tokyo’s Itabashi Ward died on New Year’s Day after choking on mochi, prompting the Tokyo Fire Department to issue a safety warning.

A draw for the Year-End Jumbo Lottery, with a total prize of 1 billion yen for the first prize and related prizes combined, was held in Tokyo on December 31st.

Reports of rodent infestation have surged nationwide in recent years, posing increasing challenges for homeowners. The issue, which is particularly evident during the year-end season, has left many families struggling to find effective solutions.

This year, the number of foreign residents in Japan surpassed 3.5 million, marking a record high. In Tokyo’s "Little India," there may be clues on how to build a harmonious coexistence.

Influenza infections in Tokyo have reached alarm levels for the first time in six years. As the virus spreads, restaurants and hotels are struggling with a surge in last-minute cancellations during their peak earning season.

MEDIA CHANNELS
         

MORE Web3 NEWS

Generative AI has undergone remarkable advancements. This report explores its cutting-edge developments and the challenges it faces.

AutoReserve AI booking calls are leaving Japanese restaurant owners increasingly frustrated. The service, designed to streamline reservations for customers, is causing confusion and operational issues for businesses.

As dry conditions persist and residential fires break out across Japan, Oarai Town in Ibaraki Prefecture has introduced an AI-powered "fire watchtower" to enhance early fire detection.

Prime Minister Ishiba has directed relevant ministers to expedite the drafting of a new bill that balances accelerating innovation in artificial intelligence (AI) and addressing associated risks. The move aims to position Japan as a global leader in AI research, development, and implementation.

Sharp announced on December 20th that it will sell part of its Sakai factory, which previously produced LCD panels for televisions, to SoftBank for approximately 100 billion yen. SoftBank plans to use around 60% of the factory’s site, equivalent to about 450,000 square meters, to construct a large-scale data center aimed at advancing generative AI development.

Japan has set a new record for inbound tourists, with 33.38 million visitors from January to November this year, surpassing the previous high in 2019. Tokyo’s Asakusa district remains a popular destination, drawing large crowds of international visitors.

The president of a group advising Japan's main utility claimed that the growth of artificial intelligence would cause a boom in energy consumption. The nuclear expert said this will initially be fueled by fossil fuels. He added, however, nuclear power will eventually replace fossil fuels. (WION)

Klarna CEO Sebastian Siemiatkowski says AI has shown across-the-board benefits as he eyes an expansion into US banking under a new Trump administration. He says the company has replaced hundreds of workers with artificial intelligence and the moves have paid off. He joins Caroline Hyde on "Bloomberg Technology." (Bloomberg Technology)