Japan Elects Sanae Takaichi, Crypto Tax Reform Back
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Sanae Takaichi elected prime minister by Japan’s parliament today Analysts expect a fresh push on separate crypto taxation and Web3 Coalition math could speed changes to loss carry-forward rules On October 21, 2025, Japan’s parliament (the National Diet) elected Sanae Takaichi, leader of the Liberal Democratic Party (LDP), as the country’s first female prime minister. Analysts believe Takaichi’s election may open the door for more positive reforms in the country’s cryptocurrency economy. How Takaichi’s policy profile could intersect with crypto reform Takaichi built her brand as pro-growth and fiscally proactive, with an emphasis on ending deflation and supporting expansion. Most political and economic observers believe this attribute will condition her to consider cryptocurrency inclusion in her government. Although Takaichi has not openly expressed support for cryptocurrency, her flexibility towards cooperating with opposition parties on fiscal issues, despite her reputation as an “Iron Lady,” could influence a long-awaited taxation reform in the cryptocurrency sector. Related: Japan to Ban Insider Trading With Stringent New Crypto Rules, to Take Effect From 2026 In the meantime, crypto community members worldwide expect Takaichi, who has become Japan’s first ever female Prime Minister, to adopt a different approach toward cryptocurrency from her predecessor, Shigeru Ishiba. Contrasting Philosophy with Former PM Ishiba It is worth noting that the outgoing Prime Minister recently expressed support for Web3 and blockchain technology during the WebX2025 conference in August. However, his response when questioned about separate taxation for cryptocurrency in December 2024 during a Diet session (that is Japan’s national parliament) reflected a cautious stance, disappointing industry stakeholders. Most of the stakeholders view Takaichi as a bullish and fearless leader who would not be afraid to take bold steps that would accommodate cryptocurrency in an expected economic reform. As mentioned above, Takaichi has indicated interest toward cooperating with opposition parties in…
Filed under: News - @ October 21, 2025 1:29 pm