Japanese Finance Minister Kato Katsunobu acknowledged that cryptocurrencies deserve a place in diversified investment portfolios.
According to a report by Bloomberg Japan on Monday, Kato Katsunobu recognized the role of cryptocurrencies in diversified investment portfolios during a speech. He addressed the public from the main stage of the Web3 conference WebX 2025 held in Tokyo.
"Although crypto assets carry high volatility risks, they can become an option for diversified investment by establishing an appropriate investment environment," Kato Katsunobu stated.
The Japanese Finance Minister added that considering the growing user base, he intends to focus on creating a sound trading environment for cryptocurrencies.
This announcement came before the Financial Services Agency (FSA) of Japan requested the government to revise the cryptocurrency tax system, proposing a unified tax rate. Currently, cryptocurrency gains in Japan are classified as miscellaneous income, resulting in tax rates ranging from 15% to 56%, depending on the individual's tax bracket.
The FSA requested that cryptocurrencies be reclassified for separate taxation, similar to stocks, allowing gains to be taxed at a unified rate of approximately 20.315%. This move comes against the backdrop of cryptocurrencies increasingly establishing their position in the local economy.
According to reports on Monday, local Bitcoin (BTC) treasury company Metaplanet was upgraded from small-cap to mid-cap in the FTSE Russell's semi-annual review for September 2025. This upgrade allows the company's stock to be included in the flagship FTSE Japan Index.
As this news was released, Japanese financial giants are preparing to adopt blockchain technology. Recently, Japan's SBI Group partnered with the blockchain oracle platform Chainlink (LINK) to create crypto tools for Asian financial institutions.
Also this month, SBI signed new blockchain partnerships with Circle, the issuer of USD Coin (USDC), XRP developer Ripple, and Web3 company Startale. Recent reports also indicate that the FSA is preparing to approve the issuance of yen-denominated stablecoins as early as this fall.
Related: YZi Labs-backed B Strategy to launch $1 billion BNB treasury company
Original: “Japanese Finance Minister Supports Cryptocurrency as a Tool for Portfolio Diversification”
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