Japan's tax reform outline proposes to introduce separate taxation of crypto assets, but the scope and details are still to be clarified.

According to CoinPost, Japan's 2026 fiscal year tax reform outline explicitly proposes to gradually position crypto assets as "financial products that contribute to the formation of national assets," and explores separate taxation for gains from spot, derivatives, and ETF transactions, while introducing a loss carry-forward mechanism for up to three years. However, not all crypto transactions will be included in the new system; staking, lending gains, and NFT transactions may still be subject to comprehensive taxation. The specific scope and implementation details still await clarification from subsequent legislation and regulation.