Japan recently introduced economic relief measures to combat inflation, including subsidies for energy costs and regional grants for small businesses. Cointelegraph reports these measures were announced by new Prime Minister Sanae Takaichi. Arthur Hayes, co-founder of BitMEX, responded to this announcement, predicting Bitcoin could reach $1 million as a result. He believes the stimulus, which will inject money into the economy, could drive Japan’s currency higher and increase demand for Bitcoin. The appointment of Takaichi marks Japan’s first female Prime Minister. The yen’s decline following her election reflects mixed expectations regarding upcoming interest rate decisions by investors. 13.9 trillion Yen was allocated to address inflation relief and stimulate the economy. 0x3fce, a prominent Bitcoin whale wallet, increased its Bitcoin holdings by tens of millions, indicating potential bullish sentiment while the market grapples with uncertainty. This comes amid growing global momentum for government-backed Bitcoin adoption, as Japan joins other countries in exploring central bank digital currencies (CBDCs). Experts anticipate that Japan’s stimulus measures could accelerate a shift toward monetary easing, echoing similar approaches taken by leading economies worldwide. 15 US states are also pursuing Bitcoin reserves to explore potential new funding options.