Brazil and Japan have longstanding business relationships across various sectors that benefit both nations. Recently, the focus has shifted to the Web3 space, strengthening their ongoing partnership. Both countries share a vision for embracing decentralized technologies and the opportunities they bring, fostering collaboration between public and private sectors.

In Japan, the Liberal Democratic Party is driving initiatives to establish the country as a Web3 hub, emphasizing decentralized autonomous organizations (DAOs). This aligns with Brazil's efforts to leverage Japan's advanced technology and investment potential in the Web3 sector. Last year, Anatel of Brazil signed agreements with Japan's Ministry of Internal Affairs and Communications, focusing on initiatives like open radio access networks (RAN) and enhancing digital economies, including partnerships with the United States.

Brazil and Japan have seen numerous collaborations involving private enterprises, governments, and public institutions across trade, investments, cryptocurrencies, and other fields. These joint ventures are expected to elevate both economies to new heights by leveraging each other's technological expertise and fostering innovation in emerging sectors.