The Japan Financial Services Agency published an English summary of a press conference by Japan’s Minister of Finance and Minister for Special Missions, in which he endorsed Asian Development Bank (ADB) President Masato Kanda’s intention to seek re-election and confirmed plans for a cross-authority meeting to discuss the AI system “Mythos” and related concerns raised in the international financial community. Kanda’s current term is set to expire on 23 November 2026, and the minister cited initiatives including ADB work on critical minerals and energy supply-chain diversification, response to the crisis linked to the Middle East situation, a shift toward private sector development, procurement reforms aimed at improving project quality, and efforts to strengthen cooperation among multilateral development banks. On “Mythos”, described as an AI developed by Antholpic in the United States, the minister said talks were being arranged with the Financial Services Agency, the Bank of Japan, the three megabanks and the Tokyo Stock Exchange to align on situational awareness and exchange views, including on the risk that highly capable AI could rapidly identify vulnerabilities that might be exploited to abuse systems. The meeting was expected to start around 13:00 on 24 April, with details still being adjusted. The minister did not set out any action plan beyond the meeting, saying he would first hear participants’ assessments.
Japan Financial Services Agency 2026-04-27
Japan Financial Services Agency to join Finance Minister’s meeting with the Bank of Japan and megabanks on AI system Mythos as he backs ADB President Kanda’s re-election
The Japan Financial Services Agency released an English summary of remarks by Japan’s Finance Minister backing Asian Development Bank President Masato Kanda’s re-election, citing his work on critical minerals, energy supply-chain diversification, crisis response, private sector development, procurement reform and multilateral development bank cooperation. The minister also announced a cross-authority meeting with the Financial Services Agency, the Bank of Japan, major banks and the Tokyo Stock Exchange to discuss Antholpic’s “Mythos” AI system and risks from highly capable AI identifying exploitable vulnerabilities, without detailing measures beyond this initial exchange of views.