# Сопутствующие статьи по теме Yen

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Yen", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Japan’s LDP Calls For Crypto ETF Framework, Yen Stablecoin Push In New Proposal

Japan's ruling Liberal Democratic Party (LDP) has proposed establishing a legal framework for cryptocurrency-based exchange-traded funds (ETFs) to boost the country's digital asset sector. The party's blockchain promotion panel submitted the proposal to Finance Minister Satsuki Katayama, arguing that crypto ETFs would provide accessible investment options and should be recognized as official financial products. While Japan's Financial Services Agency (FSA) has historically been cautious, recent reports suggest potential regulatory amendments could allow the first crypto ETFs within two years. Separately, the LDP urged the government to promote the use of yen-denominated stablecoins for settlements in Asia, aiming to leverage Japan's upcoming hosting of the Asian Development Bank's annual meeting. Japan's stablecoin regulations, established in 2022, permit issuance only by licensed financial institutions. Recent legal changes have also eased rules for certain foreign trust-backed stablecoins and classified crypto assets as financial instruments.

bitcoinistВчера 00:32

Japan’s LDP Calls For Crypto ETF Framework, Yen Stablecoin Push In New Proposal

bitcoinistВчера 00:32

Dumping US Bonds, Buying Japanese Bonds: Wall Street Prepares for 'Capital Repatriation to Japan'

Wall Street is bracing for a potential "great repatriation" of Japanese capital as yields on Japanese Government Bonds (JGBs) soar to multi-decade highs. The 10-year JGB yield recently hit 2.73%, its highest since 1997, while the 30-year yield broke 4% for the first time. This dramatic shift is causing global asset managers to reassess a long-ignored risk: that Japanese investors, who hold roughly $1 trillion in U.S. Treasury debt, could start bringing that money home. For decades, Japan's ultra-low interest rates pushed domestic insurers, pension funds, and banks to seek yield overseas, primarily in U.S. Treasuries. Now, with the Bank of Japan hiking rates and JGB yields climbing, the incentive is reversing. Firms like BlueBay Asset Management are preparing for this shift, believing new Japanese investments will be directed domestically rather than to foreign bonds. Early signs of repatriation are emerging, with record monthly inflows into Japanese sovereign bond funds in March. Some managers, like Ruffer's Matt Smith, hold yen as a hedge, anticipating that market stress could trigger a rapid acceleration of capital returning to Japan. However, analysts caution that a mass exodus hasn't begun yet. Japanese investors were still net buyers of foreign bonds over the past year. Uncertainty remains high as Japan's government fiscal plans could push JGB yields even higher, making investors hesitant to buy immediately. Furthermore, the Bank of Japan's withdrawal as a dominant bond buyer has increased market volatility. Nevertheless, the potential scale of Japanese selling poses a tangible risk to the U.S. Treasury market. As the largest foreign holder of U.S. debt, any sustained shift by Japanese institutions could materially impact supply and demand dynamics, pushing U.S. yields higher. Wall Street's current positioning is a forward-looking bet on this logic becoming increasingly compelling as Japanese yields continue to rise.

marsbit05/18 03:27

Dumping US Bonds, Buying Japanese Bonds: Wall Street Prepares for 'Capital Repatriation to Japan'

marsbit05/18 03:27

The dollar is weakening – The next crypto rally might start from Japan

The article discusses how the weakening US dollar, combined with Japan's rising bond yields, could trigger the next cryptocurrency rally. Japan's 10-year bond yield has reached a multi-decade high of 2.42%, signaling persistent inflation and potential monetary tightening by the Bank of Japan. This has caused the yen to stabilize after a period of weakness, impacting the JPY/USD pair. Concurrently, cooling US Treasury yields are contributing to a softer US Dollar Index (DXY). Historically, a weaker dollar leads investors to rotate capital from traditional safe-haven assets into riskier ones like crypto, seeking higher returns. Analysts, including Peter Schiff, suggest an overvalued dollar could be a key catalyst for capital flowing into crypto markets. The convergence of these factors—rising Japanese yields reshaping global capital flows and a softening dollar—creates a favorable macro environment for a potential crypto market rally.

ambcrypto04/07 15:28

The dollar is weakening – The next crypto rally might start from Japan

ambcrypto04/07 15:28

RWA Weekly: Republicans Urge Senate to Adopt House Crypto Bill, EU's 12-Bank Alliance Qivalis Plans to Launch Euro Stablecoin

RWA Weekly Digest: March 6, 2026 The RWA sector continues to grow, with the total on-chain market cap reaching $26.52 billion. The stablecoin market cap saw a slight increase to $299.09 billion, marking two consecutive months of growth, while monthly active addresses rose to 53.48 million. Key regulatory developments include the U.S. Fed affirming a "technology-neutral" capital treatment for tokenized securities, and a U.S. Senate housing bill that included a temporary ban on a CBDC until 2030. The OCC issued rules limiting indirect interest payments on stablecoins. Japan's central bank announced plans to conduct trials for blockchain-based settlements. Significant project launches highlight the trend of traditional finance moving on-chain. A coalition of 12 EU banks, named Qivalis, plans to launch a MiCA-compliant euro stablecoin in the second half of the year. Germany's AllUnity expanded its offerings with a Swiss franc-pegged stable币, CHFAU. The Canadian government, alongside TD Bank, successfully piloted a C$100 million blockchain bond. In payments, Visa and Stripe are planning to expand their stable币 card issuance to over 100 countries. Western Union partnered with Crossmint to launch its USDPT stable币 on Solana. Funding activity remained strong. ARQ raised $70 million to expand its stablecoin-based financial applications in Latin America. QFEX secured $9.5 million in seed funding to launch a high-leverage RWA trading platform. Tether made a strategic investment in Axiym to integrate USDT into compliant payment networks. The European Central Bank issued a warning that widespread stable币 adoption, particularly of those pegged to foreign currencies like the USD, could pose significant risks to monetary policy and the banking system. Analysis from TD Cowen suggested that banks might lose the political battle over stable币 yield payments, though prolonged debate could jeopardize broader crypto legislation in the U.S.

marsbit03/06 07:21

RWA Weekly: Republicans Urge Senate to Adopt House Crypto Bill, EU's 12-Bank Alliance Qivalis Plans to Launch Euro Stablecoin

marsbit03/06 07:21

Yen Stablecoins: Can Japan Leverage the Global $40 Trillion On-Chain Arbitrage Trade?

The Japanese government and major financial institutions, led by Prime Minister Fumio Kishida’s national Web3 strategy, are pushing to introduce a compliant yen-backed stablecoin to reclaim influence in the crypto space, currently dominated by dollar stablecoins like USDT and USDC. The strategy, spearheaded by financial giant SBI Group in partnership with Startale Labs, aims to replicate Japan’s traditional role in global "yen carry trades" — where investors borrow low-yield yen to invest in higher-yielding assets — on the blockchain. The planned stablecoin, JPYSC, would enable 24/7 leveraged trading in DeFi and serve as a settlement layer for tokenized assets like stocks and real-world assets (RWA). However, Japan faces significant hurdles: limited liquidity of existing yen stablecoins (only around $20M in circulation), unclear regulatory treatment of stablecoin reserves and capital requirements, and high crypto taxation (currently 55%) that stifles retail participation. Despite plans to reduce taxes and reclassify crypto as a financial product, progress has been slow. If successful, Japan could position the yen as a core non-dollar base asset in the growing $40 trillion on-chain credit and arbitrage market, competing with US dollar stablecoin dominance and other regions like Europe (under MiCA) and the UAE. The effort represents a strategic move to extend Japan’s monetary influence into the digital economy.

marsbit03/05 15:43

Yen Stablecoins: Can Japan Leverage the Global $40 Trillion On-Chain Arbitrage Trade?

marsbit03/05 15:43

Japan quietly becomes APAC’s top local stablecoin market

Japan has overtaken Singapore as the largest hub for local-currency stablecoins in the Asia-Pacific region (APAC), driven by the growth of its yen-denominated stablecoin, JPYC. By early 2026, APAC's local stablecoin supply rebounded to nearly $60 million from a low of around $40 million, with Japan leading this recovery. JPYC's supply reached approximately $26.4 million, accounting for nearly half of the regional market. In contrast, Singapore's XSGD stabilized at around $18 million, well below its previous peak, while other local stablecoins like Indonesia's IDRT saw declines and played a limited role. This shift highlights Japan's growing influence in regional stablecoin adoption, though dollar-backed stablecoins continue to dominate globally.

ambcrypto02/17 16:35

Japan quietly becomes APAC’s top local stablecoin market

ambcrypto02/17 16:35

Nikkei Above 57,000: Japanese Government Bond Risks Reshaping Global Asset Allocation

The Nikkei 225 surged past 57,000, a historic high, driven by political certainty after Japan’s ruling coalition secured a supermajority. This sparked expectations of aggressive fiscal stimulus and industrial policy, boosting equities like defense and tech stocks. However, Japanese government bonds (JGBs) faced heavy selling, with long-term yields spiking, reflecting concerns over fiscal sustainability and inflation. The Bank of Japan may be forced to hike rates to counter yen weakness and rising yields, creating a "fiscal dominance" dilemma. Globally, this shift interacts with China reducing U.S. Treasury holdings, U.S. tech rallies, and gold hitting $5,000 as a hedge against sovereign credit risks. Investors are advised to consider long volatility strategies, tactical yen rebounds, and allocations to hard assets like gold and Bitcoin amid heightened market uncertainty.

比推02/11 05:48

Nikkei Above 57,000: Japanese Government Bond Risks Reshaping Global Asset Allocation

比推02/11 05:48

Why Japan’s “Takaichi Trade” Could Pressure the Crypto Market Despite Post-Election Rebound

Japan's snap election victory for Prime Minister Sanae Takaichi initially sparked a market surge, with the Nikkei 225 hitting record highs and Bitcoin briefly exceeding $72,000. However, the "Takaichi trade"—characterized by fiscal expansion, a weaker yen, and loose monetary policy—is now tightening global liquidity. This shift is prompting investors to rebalance portfolios, moving capital into Japanese assets as bond yields rise, which in turn contributed to recent pullbacks in U.S. equities and crypto. Bitcoin's decline is linked to futures unwinding and reduced leverage rather than on-chain weakness. Although long-term regulatory support for digital assets remains possible, short-term downside risks persist due to ongoing global risk reassessment and liquidity adjustments.

bitcoinist02/10 02:02

Why Japan’s “Takaichi Trade” Could Pressure the Crypto Market Despite Post-Election Rebound

bitcoinist02/10 02:02

Here’s why Bitcoin feels a liquidity squeeze amid Japan’s policy shift

Japan's recent policy shift, marked by aggressive fiscal stimulus and yen weakness, triggered a cross-asset liquidity repricing. Capital rotated toward Japanese government bonds, draining liquidity from U.S. equities and strengthening the dollar. This tightening of global financial conditions cooled risk appetite, leading to losses in major U.S. indexes and spilling over into crypto markets. Bitcoin faced a leverage unwind and defensive flows, driven by liquidity constraints rather than fundamental deterioration. Bitcoin's price cycles closely track global M2 liquidity expansion and contraction. Recent M2 growth rebound supported its price recovery, but Japan-induced tightening has now compressed leverage, triggering cascading long liquidations—particularly in the $68,000–$70,000 zone—and erasing over $1 billion in leveraged positions. This leverage reset phase may cap near-term upside until structural liquidity conditions improve, though Japan’s supportive Web3 policies could eventually renew investor interest.

ambcrypto02/09 16:02

Here’s why Bitcoin feels a liquidity squeeze amid Japan’s policy shift

ambcrypto02/09 16:02

Absence of Black Swan: Alternative Suspects Behind Bitcoin's Oversold Condition

In a surprising market downturn, Bitcoin experienced a sharp, unexplained sell-off, entering its third-largest oversold zone without any clear "black swan" trigger. While macro risks, Fed hawkishness, and leverage liquidations contributed, several unconventional theories emerged. One hypothesis suggests an Asian mega-entity, possibly a Hong Kong-based fund, faced a cross-market liquidity crisis due to unwinding yen carry trades and failed gold/silver bets, forcing massive Bitcoin ETF liquidations (e.g., BlackRock’s IBIT saw record volumes). Another theory points to potential government sales of seized Bitcoin (e.g., U.S. and UK holdings from recent cases), though no on-chain evidence supports this. Additionally, institutional "deep pockets" may be drying up as high interest rates and AI-driven capital demands force asset sales, creating a liquidity feedback loop. Finally, crypto natives and OGs, anticipating a major crash, might be panic-selling collectively, while newer institutional buyers view the dip as an entry opportunity. Despite fears, data indicates OG selling pressure may already be subsiding.

比推02/06 09:55

Absence of Black Swan: Alternative Suspects Behind Bitcoin's Oversold Condition