Japan's ruling Liberal Democratic Party (LDP) has officially approved a new policy concept proposal to build the future financial system using AI and blockchain technology.
The proposal, titled "Next-generation AI & Onchain Finance Concept," was drafted by a project team within the LDP led by party member Seiji Kihara. It was submitted to the party earlier this month and obtained formal approval from the party's Policy Research Council on Tuesday.
The proposal prioritizes the development of an automated financial infrastructure that supports 24/7 agentic commerce via blockchain networks.
The proposal said that in the age of agentic commerce, AI will autonomously handpick products and services instead of humans, which makes blockchain's tamper-resistant, verifiable, and programmable characteristics highly compatible.
It also laid out support for tokenized deposits and Japanese yen-denominated stablecoins. Regarding tokenized deposits, the proposal said it is essential to tokenize the Bank of Japan's current account deposits.
