TLDR:
- Shigeru Ariizumi, Vice Minister for International Affairs at Japan Financial Services Agency, discusses the future of fintech regulations and opportunities in Japan.
- Bank of Japan recently hiked rates for the first time in 17 years.
Shigeru Ariizumi, Vice Minister for International Affairs at Japan Financial Services Agency, shared his insights on the future of fintech regulations and opportunities in Japan during an interview on “Daybreak Australia”. The discussion comes in the wake of the Bank of Japan’s decision to raise rates for the first time in 17 years.
Ariizumi highlighted the importance of staying abreast of technological advancements in the financial sector and how regulations must evolve to accommodate these changes. He emphasized the need for collaboration between industry stakeholders and regulators to foster innovation while ensuring consumer protection.
Furthermore, Ariizumi touched upon the increasing trend of digital payments and the rise of blockchain technology in Japan. He underscored the JFSA’s commitment to creating a conducive environment for fintech companies to thrive and contribute to the country’s economic growth.
Overall, the interview shed light on Japan’s progressive approach to fintech regulation and the steps being taken to embrace digital transformation in the financial services industry.
