TL;DR
Japan's incoming Prime Minister, Takaichi Sanae, announced plans to revive 'Abenomics', involving aggressive monetary easing, which immediately weakened the Yen and propelled Bitcoin to a new record high against the Japanese currency.
- Sanae Takaichi plans to implement pro-stimulus economic policies, leading to a weaker Japanese Yen.
- Bitcoin (BTC) surged to JPY 18,640,000, setting a new record against the Yen, fueled by demand for inflation hedges.
- Japan's crypto tax reforms are also progressing, aiming for a flat 20% capital gains tax and reclassification of digital assets.
