Japan's PM Takaichi Seen as Crypto-Neutral as LDP Win Clears Path for 2028 Tax Reform

Japan's Prime Minister Sanae Takaichi is viewed as neither strongly pro- nor anti-crypto following the Liberal Democratic Party's two-thirds supermajority in a snap lower house election she called in January, DL News and CoinPost report. Under LDP-led policy work that began during Fumio Kishida's 2021–2024 premiership and continued under Shigeru Ishiba and now Takaichi, Japan is pursuing tax reforms that would introduce a flat 20% capital gains tax on crypto profits from 2028 and allow loss carryforwards, replacing current rules where high earners can pay up to 55% on crypto income. Industry players welcomed the LDP landslide, as web3 taskforces continue to push for reclassifying Bitcoin and major altcoins as financial investment products and for easing exchange regulations, while Finance Minister Satsuki Katayama said in January that crypto and web3 were at a "turning point" and flagged a tax law reform submission planned for spring 2026. Shares of crypto-linked firms such as SBI Holdings and Monex Group have climbed over the past five days, while listed digital asset treasuries including Metaplanet and Remixpoint have declined, and analysts cited by Nikkei and CoinPost said LDP victories typically draw foreign capital into Japanese stocks and could, if tax cuts weaken the yen and lift bond yields, support risk assets like crypto and equities.