It's good to see this type of news. We know how Japan is one of the richest country despite of it's geographical size for being small. This will make the growth of bitcoin very fast and once they started to apply it to the industry we'll see the price and demand of bitcoin to increase. I hope my country will recognize bitcoin like Japan.
Yes true, it is good news, it cannot be disputed again this will be followed by other countries, the financial systems of bitcoin is best so that will replace traditional payment systems.
Yes their move will be followed by other countries that are their subordinates or looking upon Japan. Because those countries realize that Japan's innovating almost everything and when they saw bitcoin is good for the economy of Japan. They will use it too for their country and many people will love how fast it is when it comes to transaction and it has a lot of feature.
I wouldn't say "many people will love how fast it is when it comes to transaction", but "how fast should it be when it comes to transaction"...
Today's problem is delay and high fees. If these are solved, bitcoin will be a famous digital money for the average people too. If delay remains or the high fees, bitcoin will be a kind of digital gold, to store value in it, but a kind of money foreveryday transactions.
With that problem maybe Japan can do something about it and will contact the core developers for it. Most of them were really into making it something better. And once Japan values it, we will see the massive usage of Japanese people and probably they will introduce it to their whole country and will encourage people to use it.