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[The Japanese Government Plans to Promote Digital Securitization of Local Government Bonds, Bill to Be Submitted in 2026] The Japanese government plans to promote the issuance of digital securitized local government bonds (Security Tokens) by local governments and intends to submit a related bill to the regular Diet session in 2026. This month, specific policy measures will be determined based on the needs of local governments. Experts indicate that digital local government bonds, based on blockchain technology, can enable fast issuance and settlement without intermediaries, provide real-time access to investor information, and combine various forms of returns, potentially serving as a tool for direct personal financing.