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The new Japanese Prime Minister's inauguration may become a catalyst for the crypto market, as aggressive economic policies will drive up risk assets.
PANews, October 6th news, reported by Cointelegraph, with the election of Japan's new Prime Minister Sanna Takashita, the market expects her to bring new political momentum to risk assets including Crypto Assets. Sanna Takashita is widely seen as a Prime Minister who supports growth, advocating for low Intrerest Rate, tax cuts, and large-scale economic stimulus measures as part of loose monetary policy. Her victory has pushed Japan's Nikkei index to a historic high. Industry insiders indicate that this policy inclination is expected to boost Japanese investors' risk appetite for digital assets. Although Sanna Takashita has not made a clear statement on Bitcoin, she has shown an innovation-friendly attitude towards Crypto Assets during her tenure as Minister of Internal Affairs. Additionally, under the influence of global macroeconomic factors (such as the U.S. government shutdown), capital is flowing into gold and Bitcoin, further supporting this optimistic sentiment.