Categories: CryptoNews

Japan’s Economic Woes Can Be Beneficial For Bitcoin

Nearly every economy in the world is struggling right now, thanks to the global financial crisis. Japan is one of the few countries in Asia where there is, in fact, economic growth. Then again, a 0.2% boost in GDP is not that spectacular either. The approach of pumping more money into the local economy is no longer providing adequate results.

Japanese Yen Surge Badly Hurts The Economy

In this day and age, the financial ecosystem we live in has turned into a very odd creature. National currencies losing value spells imminent problems, but the same applies to those currencies surging in value. The

Japanese Yen is one of those coins which, due to its price increase, has been hurting exporters in the country.

As the exports in Japan nearly grind to a halt, the business investment money start drying up pretty quickly. These troubles have been plaguing the country ever since its 2014 recession. Over the past few years, Japan has been pinballing between growth and contraction ever since, and there is still the threat of

deflation looming overhead as well.

It has to be said, the Bank of Japan does everything they can to get the economy on the rails again. After purchasing vast amounts of assets, they also pushed interest rates in the red. While it may seem the Bank of Japan is hitting the proverbial glass ceiling of what they can do, experts are blaming the monetary policy approach for the lack of results.



Related Post

For now, the Bank of Japan will continue its current course. More money will be thrown at the problem in the hopes of creating a fiscal stimulus. Unfortunately, foreign and domestic investors have rejected this plan, and it is doubtful the current monetary policy can make a difference.

None of this is good news for businesses and individuals living in Japan right now. In fact, it is not unlikely other investment opportunities will be explored moving forward. Japanese exchanges have been an uptick in

Bitcoin volume over the past few months, and that trend may continue for the foreseeable future.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Solana Meme Coins Bonk (BONK) And (MEW) Fail To Make New ATH, ETFSwap (ETFS) Presale Explodes

The once-booming trend of Solana meme coins appears to be reaching its twilight. Backed by…

3 hours ago

Quickex Expands Cryptocurrency Options with Over 200 Coins Available for Exchange

Quickex, a cutting-edge cryptocurrency exchange platform, announces a key milestone by enabling over 200 coins…

14 hours ago

EigenLayer Airdrop Attracts Legendary Trader GCR And Justin Sun’s Team

EigenLayer, the innovative blockchain project, has recently made headlines with its first season airdrop announcement,…

20 hours ago

Uniswap’s Latest Upgrade Allows Direct Purchases With Robinhood Balance

Uniswap, the leading decentralized exchange, has recently enhanced its functionality by integrating Robinhood Connect into…

20 hours ago

Anonymity vs. Transparency: BlockDAG’s Post-Forbes Dilemma

Anonymity vs. Transparency: Where Will BlockDAG Go After the Forbes Doxxing? The cryptocurrency market has…

21 hours ago

Top ICOs: BlockDAG, Dogeverse, 99BTC, WAI, eTukTuk & Others

Top 7 Crypto ICOs: BlockDAG’s Over $22M Presale Surge Outshines Dogeverse, 5thScape, WAI, 99BTC &…

1 day ago