Bank of Japan

Japan's finance minister said Prime Minister Sanae Takaichi is not a reflationist, seeking to calm investor fears that her government would spend excessively and push the Bank of Japan to keep interest rates low. The statement comes as markets watch closely for signs of fiscal expansion under the new administration and pressure on the central bank's policy path.

Former BitMEX chief executive Arthur Hayes says Bitcoin could climb to $1 million, citing Japan's fresh stimulus measures as a catalyst. He argues that renewed monetary expansion by the Bank of Japan will weaken the yen and push investors toward hard assets, with Bitcoin a prime beneficiary. His forecast is circulating widely among crypto market watchers, many of whom treat his bold price calls as a barometer of speculative sentiment.