Japan will establish a special working group to address cybersecurity risks in the financial system.

Japanese Finance Minister Kaede Katayama announced on Friday that Japan will establish a special task force to address cybersecurity risks in the financial system, amid concerns about potential vulnerabilities in the Anthropos Mythos artificial intelligence model. Katayama stated that this decision was reached during a joint meeting of the Japanese Financial Services Agency, the Bank of Japan, the National Cybersecurity Agency, Japan's three largest banks, and the Japan Foreign Exchange Group. "I pointed out during the meeting that this crisis is imminent, and the financial industry has expressed similar concerns," she said. Katayama emphasized that the high level of interconnectedness and real-time operation of the financial system means that issues could spread faster than in other industries. "As a result, a cyber attack could immediately trigger market chaos and shake market confidence."