[Japan's new Prime Minister Shigeru Ishiba believes that blockchain and NFT can promote regional economies]

Japan's new Prime Minister Shigeru Ishiba has revealed policies that support blockchain and NFTs, and will also appoint Masaaki Taira, the current head of the Liberal Democratic Party's Web3 Working Group, as the government's new Minister of Digital Affairs.

According to an official policy document from Shigeru Ishiba's office and a report from CoinPost, he believes that blockchain and NFTs can help promote regional economies. "Using blockchain technology, NFTs, etc., we will seek to maximize the value of a large number of simulated local products, such as food and tourism experiences. We will do this by restoring their value to global prices."

Meanwhile, Taira has previously talked about plans to use NFTs to increase the visibility of Japanese intellectual property assets.