Legal Impacts of AI on Democracy and Financial Stability from a Japanese Perspective
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DOI:
https://doi.org/10.59022/ijlp.318Keywords:
AI, Hiroshima AI Process, Democracy, CBDC, Financial Regulation, Broad ListeningAbstract
After laying out the basics surrounding generative AI (Artificial Intelligence) and introducing Japan's efforts, this paper examines how democracy and financial regulation including Central Bank Digital Currencies (CBDCs) can be made to work well in a human-centered manner in the face of increasing AI. Specifically, the paper proposes the use of AI technology to implement “broad listening” in order to improve the situation in representative democracy, where representatives are prone to corruption. “Broad listening” should also be actively utilized in financial regulation, as it can accurately absorb public opinion and allow various financial participants to accurately report risks to the regulator, even though AI can easily become a black box.
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Copyright (c) 2025 Takashi Kubota
This work is licensed under a Creative Commons Attribution 4.0 International License.
