The recent economic indicators have sent shockwaves through Japan’s financial landscape, with the country experiencing severe economic turmoil. Reportedly, Japan’s 40-year bond yield has surged to its highest level in over 20 years, reflecting growing concerns about the country’s fiscal stability. Prime Minister Shigeru Ishiba warned that the country is experiencing a financial crisis “worse than Greece.” Moreover, Japan’s economy contracted by 0.7%, marking its first quarterly decline in a year. The Japanese stock exchange Nikkei 225 also witnessed a sharp sell-off amid economic struggles and the Moody’s downgrading credit rating for the US. These developments are poised to have profound implications on the crypto market as well. After a strong bull run on Sunday pushed Bitcoin (BTC) over $107k, the crypto markets are witnessing a crash today with BTC, ETH, and XRP dropping 3.2%, 4%, and 5%, respectively, in the past 24 hours. While this crash is not directly… Read More at Coingape.com
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