This question was spurred by the answer of Steve Huntsman to the MO question here. The Tomita-Takesaki modular automorphism group gives rise to a canonical time evolution on a type $III$ factor (discussed in a blog post of Connes, here). I've heard Alain Connes suggest that there ought to be a canonical time evolution for type $II$ factors. I'd really like to know what experts think this thing should look like, if it should exist for certain classes of $II_1$ factors. In his talk, Connes mentioned a particular case that was suggestive, but I can't remember what it was.

Question: What would a canonical time evolution for (certain classes of) type $II_{1}$ factors look like?

Apologies for the vague question, but I'm fishing for what's known about this topic in order to adjust my world-view.