PANews reported on May 20th, citing Cointelegraph, that Japan's ruling Liberal Democratic Party (LDP) has approved a proposal aimed at leveraging AI and blockchain to promote the development of automated financial infrastructure. The LDP Policy Research Council's "Next-Generation AI and On-Chain Finance Initiative" proposes using blockchain technology for payment settlements in the retail and wholesale sectors, allowing AI to "autonomously execute economic activities," and clarifies the legitimacy of a yen-pegged stablecoin. The council stated that the widespread application of blockchain technology is crucial to ensuring Japan becomes "the country chosen by AI," and that establishing a secure and reliable payment infrastructure for on-chain transactions can deepen cooperation with other Asian countries. Since Prime Minister Sanae Takaichi took office last October, the LDP has promoted several digital asset-related initiatives. In April, the Japanese government amended the law to classify crypto assets as financial instruments.