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Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday to ease the impact of inflation on households. The move, some crypto observers say, could drive more capital into Bitcoin.
The stimulus measures include subsidies for electricity and gas charges, as well as regional grants to ease price pressure and encourage small to medium-sized businesses to raise wages.
BitMEX co-founder Arthur Hayes viewed the development as a precursor to more fiat money printing by Japan’s central bank, a move that could…
