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Yen Weakens, Rates May Rise | Bitcoin and Crypto News
Description
A former Bank of Japan official warns the central bank may hike rates past 2% this year, a move that could strengthen the yen but also stir global market turbulence. With the yen down 60% since 2021, faster hikes might help—but at what cost? Historically, a stronger yen has pressured riskier assets like bitcoin, yet lately the two have moved in lockstep, defying expectations. As Japan’s fragile finances face added strain, the Bank of Japan walks a tightrope: stabilize the currency without triggering economic chaos. The outcome? Uncertain.
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