[Japan's Financial Services Agency to Establish New Crypto and Innovation Department in 2026 with a Budget of Approximately $170 Million] According to Foresight News, citing a report from CoinDesk Japan, Japan's Financial Services Agency (FSA) has announced its budget, organizational, and staffing requirements for the 2026 fiscal year. As part of these requirements, the agency has proposed a significant restructuring, including the establishment of a new "Crypto and Innovation Department," with a budget set at 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), approximately $170 million. According to the disclosed documents, the FSA has identified the restructuring theme as "leveraging new digital technologies such as fintech, cryptocurrency trading, and artificial intelligence to enhance the ability to respond to changes in financial services." Proposed measures include renaming and reorganizing the existing "Strategy Development and Management Bureau" into the "Asset Management and Insurance Supervision Bureau" (tentative name) and establishing a "Crypto and Innovation Division" under the new bureau. The current "Office for Crypto and Innovation" will be upgraded to the "Crypto and Innovation Division."