Japan’s FSA seeks ¥40 billion for 2027 budget to boost crypto, AI capabilities

Japan’s Financial Services Agency has asked the finance ministry for ¥40 billion ($270 million) in its fiscal 2027 budget to strengthen digital capabilities in financial administration, local media including Kyodo News reported on Aug. 24. The request is about 60% higher than the fiscal 2026 budget. The agency’s initial budget request for fiscal 2027 includes plans to build an AI-based market surveillance and monitoring system and support a transition to post-quantum cryptography, according to the reports. It also includes measures to strengthen oversight of cryptocurrency service providers and increase specialist staffing for cyber security and advanced AI-related risk responses.