PANews reported on May 19th that, according to The Block, Japan's ruling Liberal Democratic Party (LDP) has formally approved a policy proposal entitled "Next-Generation AI and On-Chain Finance Vision," which plans to build a new generation of financial systems based on AI and blockchain. The proposal, drafted by a project team led by LDP lawmaker Seiji Kihara, was formally approved by the party's policy research committee on May 19th. The proposal proposes building on-chain financial infrastructure to support 24/7 automated agent business activities and argues that the combination of AI and blockchain can achieve integrated transactions, settlements, and financing. The document also supports the promotion of tokenized deposits and a yen stablecoin, and emphasizes the importance of promoting the tokenization of the Bank of Japan's account deposits.

In addition, the proposal supports a joint stablecoin issuance project involving Japan's three major banks and requests the Financial Services Agency (FSA) to develop a five-year roadmap to promote joint investment in AI and blockchain financial infrastructure by the public and private sectors.