Japan’s Financial Services Agency, the country’s financial regulator, requested ¥1.32765 billion for its 2027 fiscal-year program addressing changes in financial services driven by digital technology. The request is roughly 15 times the ¥88.22 million allocated in the 2026 initial budget. The plan includes a 13-person staff increase to address new services, including supervision of crypto-asset operators, and support for the joint issuance of a yen-denominated stablecoin (a digital token designed to maintain a stable value) by Japan’s three megabanks. The figures were disclosed in a policy evaluation document released on the 2nd. Including the predecessor program, the initial budget for the measure was ¥69 million in fiscal 2023.