According to Japan's Prime Minister, Fumio Kishida, the web3 technology is a crucial part of the "new capitalism" that is emerging in the global economy. Kishida believes that this decentralized and trustless system has the potential to transform the way we do business, making it more transparent, efficient, and inclusive.

Web3, also known as the decentralized web, is an emerging technology that uses blockchain and other decentralized technologies to create a more open and transparent internet. It allows for peer-to-peer transactions without the need for intermediaries, such as banks or other financial institutions.

Kishida sees this technology as a way to create a more equitable and sustainable economy, where wealth is distributed more fairly and opportunities are available to all. He believes that web3 can help to reduce inequality and promote social justice by enabling people to participate in the economy on their own terms.

The Prime Minister also sees web3 as a way to promote innovation and entrepreneurship, particularly among young people. He believes that this technology can empower individuals to create new businesses and services that can compete with established players in the market.

However, Kishida also recognizes that there are challenges associated with the adoption of web3. One of the biggest challenges is the need to build trust in the system, particularly among those who are unfamiliar with blockchain and other decentralized technologies.

To address this challenge, Kishida is calling for greater collaboration between governments, businesses, and civil society organizations to promote awareness and education about web3. He believes that by working together, we can build a more inclusive and sustainable economy that benefits everyone.

In conclusion, Japan's Prime Minister sees web3 as a key driver of the "new capitalism" that is emerging in the global economy. He believes that this technology has the potential to transform the way we do business, making it more transparent, efficient, and inclusive. However, he also recognizes that there are challenges associated with its adoption and is calling for greater collaboration to promote awareness and education about web3.