Japan's New Prime Minister Expected to Boost Risk Assets

According to PANews, the election of Japan's new Prime Minister, Sanae Takaichi, is anticipated to bring fresh political momentum to risk assets, including cryptocurrencies. Takaichi is widely regarded as a pro-growth leader, advocating for low interest rates, tax cuts, and large-scale economic stimulus through accommodative monetary policies. Her victory has already propelled Japan's Nikkei Index to a historic high. Industry experts suggest that such policy inclinations are likely to enhance Japanese investors' risk appetite for digital assets. Although Takaichi has not explicitly stated her stance on Bitcoin, she demonstrated an innovation-friendly attitude towards cryptocurrencies during her tenure as Minister of Internal Affairs and Communications. Additionally, global macroeconomic factors, such as the U.S. government shutdown, are driving capital into gold and Bitcoin, further supporting this optimistic outlook.