Japan’s Crypto Tax to Be Cut From 55% to 20%... Will Prime Minister Takaichi Keep Her Promise?
Japan’s Crypto Tax to Be Cut From 55% to 20%... Will Prime Minister Takaichi Keep Her Promise?
Japan’s ruling Liberal Democratic Party (LDP) has secured a landslide victory in the House of Representatives election, strengthening expectations that cryptocurrency tax reform will proceed as planned. With Prime Minister Sanae Takaichi succeeding in her political gamble and consolidating control over state affairs, the long-awaited reduction in virtual asset income tax rates and improvements to market structure are expected to gain momentum.
According to DL News on February 11 (local time), Japanese experts believe that the LDP, led by Prime Minister Takaichi, will not halt its ongoing cryptocurrency tax reform efforts after winning two-thirds of the lower house seats in the election. Although Takaichi is considered more conservative and nationalistic than her predecessors Fumio Kishida and Shigeru Ishiba, she is not seen as having any intention to oppose or obstruct cryptocurrency policy.
The top concern for Japan’s cryptocurrency industry is restructuring the burdensome tax system. Under current law, cryptocurrency profits are classified as miscellaneous income, with high-income earners facing taxes of up to 55%. The LDP’s Web3 policy task force is pushing for a reform that would reclassify digital assets as financial investment products similar to stocks, introducing a separate flat 20% capital gains tax from 2028 and allowing loss carryforwards.
Key figures in the Takaichi cabinet have also signaled support for this reform direction. Finance Minister Satsuki Katayama stated in January that Japan’s cryptocurrency and Web3 industries are at a turning point and announced plans to submit a tax code revision bill to parliament in the spring of 2026. Prime Minister Takaichi also indicated policy continuity last year in parliament, responding to related questions by stating that the government would respond appropriately based on the party task force’s recommendations.
Market experts predict that Prime Minister Takaichi’s tax-cut policies and expansionary fiscal measures, including a temporary suspension of the food consumption tax, could weaken the yen and ultimately stimulate domestic appetite for risk assets. CoinPost analyzed that such an economic environment would likely benefit both cryptocurrency and equity markets.
Following the election victory, cryptocurrency-related stocks in Japan showed mixed performance. SBI Holdings and Monex Group, which operate mining and exchange subsidiaries, rose 3% and 2.7%, respectively, over the past five days, reflecting heightened expectations. Meanwhile, Metaplanet and Remixpoint, which have been purchasing Bitcoin (BTC) and other assets through their balance sheets, fell 9% and 2% during the same period.
Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.
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