Japan's Two-Front Strategy
Japan's Two-Front Strategy
Physical manufacturing bet vs. digital payment infrastructure bet, running in parallel
Physical Track: Rapidus
2023
Foundry venture launched with IBM 2nm technology transfer
2026
Packaging pilot line begins at Chitose, Hokkaido
2027
Target: 2nm mass production start
¥2.9T cumulative govt. funding
Digital Track: Megabank Stablecoin
2025
FSA sandbox approves joint pilot among 3 megabanks
2026
MUFG, SMBC, Mizuho form governance council
2027
Target: yen-pegged stablecoin launch by March
$7T+ combined bank assets