Japanese Prime Minister Shigeru Ishiba stressed that the development of Web3 technology is an important pillar for domestic economic development.
At the WebX event on August 25, Prime Minister Ishiba described Web3 as “a transformative moment comparable to the Industrial Revolution.” Ishiba followed Donald Trump’s example as a national leader, attending the Web3 event and emphasizing the technology, but with a different perspective on the details.
Web3 as a catalyst for domestic economic growth
Emphasizing domestic impact, the prime minister pointed to the potential of Web3 industries, including digital assets, to boost local startups and regional economies. He cited the “Regional Coin Project” in Shimane Prefecture, which rewards outside contributors who solve local problems with digital currency that can be used within the region.
Similarly, Web3 technology is being applied to the Osaka-Kansai Expo , reflecting Japan’s commitment to enhancing its domestic digital infrastructure. The Prime Minister stressed the importance of overcoming structural challenges such as declining population and slow economic growth through innovative technology and startup initiatives.
Prime Minister Ishiba also stressed the need for international cooperation, referring to the recent Tokyo International Conference on African Development ( TICAD 9 ) in Yokohama, where Japan adopted joint statements with 34 countries. However, his main focus remains on strengthening domestic industries and revitalizing regional economies, positioning Web3 as a tool for national economic recovery.
In contrast, US President Donald Trump has consistently emphasized global Vai in cryptocurrencies. At events such as last year’s Bitcoin Conference, he has declared his ambition to make the US the crypto capital of the world. Trump has advocated for deregulation of digital assets. In addition, the strategic use of government-held Bitcoin as a reserve asset favors US dominance in the global market.
While both leaders recognize Web3 and digital assets as central to their economic strategies, their priorities differ markedly. Prime Minister Ishiba emphasizes domestic industry and regional revitalization, while President Trump focuses on establishing American dominance in the global cryptocurrency market. This difference highlights a broader strategic difference: Japan’s approach is inward-looking, while America’s strategy is outward-looking.
