Japan’s new Prime Minister Shigeru Ishiba has reorganized the party’s Web3 and cryptocurrency policy departments. Digital Minister Taira Masaaki announced that the existing Web3 project team will be disbanded and a new department will be established, led by former Web3 PT Secretary General Shiozaki Akihisa. The government emphasized that it will continue to promote Web3-related businesses, continuing former Prime Minister Fumio Kishida’s view of blockchain and cryptocurrency as an engine of economic growth. Both Shigeru Ishiba and Shoaki Taira support policies that are conducive to the development of Web3, and Shoaki Taira has repeatedly mentioned the need to reform Japan’s cryptocurrency tax law.