Japan Launches Headlong Into Metaverse To Revitalize Economy

The prime minister of Japan has said the country would prioritize investments in digital technology, including non-fungible tokens (NFTs) and the metaverse, during an annual address to the country’s legislature.

Prime Minister Fumio Kishida spoke about the current state of affairs in Japan, from its pandemic response, to how it would cope with rising inflation and interest rates, in a speech outlining public policy at the 210th session of Japan’s National Diet on Oct. 3. 

Japan to prioritize Web3 development

One priority, the prime minister emphasized, would be focusing on supporting the social implementation of digital technology. He added that this would inv