EddieJayonCrypto
5 May 25
Japan is moving toward its first formal AI regulatory framework with a new bill approved by the House of Representatives and expected to pass the upper house. The bill positions AI as vital to Japan's economic and social development and promotes government-led development through a prime minister-le...
Japan is advancing a new AI regulatory bill aiming to become the "most AI-friendly country" by promoting development with limited restrictions and emphasizing self-regulation. The bill, approved by the House of Representatives and expected to pass the upper house, positions AI as vital to Japan's economic and social development and promotes government-led development through a prime minister-led task force. Adopting a centrist approach, the legislation advocates self-regulation and cooperation with government bodies rather than strict restrictions or penalties. It acknowledges potential AI misuse, proposing remedies such as guidance and possible public disclosure of violators. Japan aims to attract more AI investment, having lagged behind countries like the U.S., China, South Korea, and Israel, with less than $6 billion invested over the past decade. The government fears that strict regulations might deter major AI companies like OpenAI and Google from the Japanese market. The bill reflects a strategic choice to avoid stringent guidelines and penalties to foster growth and catch up in the global AI race. Moreover, integrating enterprise blockchain systems is viewed as crucial for AI's legal and secure operation, ensuring data quality, ownership, and immutability. This measured stance underscores Japan’s goal to balance innovation with consumer protection while encouraging investment and collaboration in the AI sector.