Was due to report on it again this week but we had to cut it for time. Discussions are being reported in the Nikkei and looks like we'll get 20% next year. There will be a give and take but their focus seems to be on regulating the exchanges around insider trading and disclosure so it's very "Web3" focussed which is revealing of how out of touch the Japanese regulators still are. Fingers crossed there is no nonsense like restrictions on self custody or else registering public keys with the authorities etc.