Source:
http://online.wsj.com/articles/japan-ruling-party-to-hold-off-regulating-bitcoin-1403175537
No need for new / additional regulation. For those that were Goxxed, more regulation will not help. Only thorough research and forceful implementation of law that has existed for a very long time. (THOU SHALL NOT STEAL)
Go JAPAN!
Yes, it is a smart move. I wanted to say: why to regulate bitcoin at all? Most developed countries have some sort of regulation for electronic payments, etc. If necessary for taxation purposes bitcoin can easily fall under such broad regulation.