Japanese Minister of Economy, Trade and Industry: There is huge potential in Japan's Web3 and blockchain fields, and we hope to create a favorable environment for businesses and developers.

PANews reported on August 28th that Japanese Minister of Economy and Industry Ken Saito attended the ‘WebX 2024’ Web3 conference and delivered a speech. Ken Saito pointed out that the world has reached a historic turning point and entered an era of international competition in industrial policy. Therefore, he hopes to effectively seize the opportunity for economic rise. He proposed a vision for Japan to become the ‘world’s creative center’ and formulated a strategy to utilize Japan’s advantages and fully utilize the DX and GX fields to earn income from the world. He also emphasized the importance of Web3 technology, mentioned implementing tax and legal reforms to support startups, and supporting the creation of future use cases. Ken Saito praised the enormous potential of Japan’s Web3 and blockchain fields and expressed his intention to create an environment that attracts entrepreneurs and developers from around the world. He concluded by expressing hope that this conference will bring about thorough innovation.