Japanese parliament
Coverage of Japanese parliament in the Nexus archive.
- Japan changes imperial succession law but keeps ban on female emperor
Japan's parliament changed imperial succession rules to allow male distant relatives to rejoin the imperial family and women to retain royal status after marrying commoners. The law still prohibits female emperors despite public support for their ascension to the Chrysanthemum Throne.
- Japan’s Landmark Vote Reclassifies Bitcoin And Crypto As Financial Assets
Japan’s parliament reclassified cryptocurrency as a financial asset under the Financial Instruments and Exchange Act (FIEA), shifting it from the Payment Services Act. The change, effective by 2027, introduces stricter regulations, aligns crypto with securities oversight, and reduces the top tax rate on crypto gains from 55% to 20% starting in 2028. The reclassification also enables the creation of regulated bitcoin ETFs and enhances market surveillance.