by: xpoolPosted on:

Japan’s Massive Stimulus Sparks Market Response, Bitcoin Suffers

Japan has enacted a substantial fiscal stimulus package worth 21.3 trillion yen ($135.4 billion) to combat its economic slowdown and soaring inflation. This unprecedented intervention marks the largest since the pandemic era, but it hasn’t shielded Bitcoin from losses. The cryptocurrency dropped below $85,500 on this move.

Related posts:

  1. Japan Unveils $110 Billion Stimulus Plan to Revitalize Economy
  2. Japan Unveils $110 Billion Stimulus Package to Boost Economy
  3. Japan’s Economy Contracts for First Time in Six Quarters
  4. Japan’s 17 Trillion Yen Stimulus: A Nation Battling Labor Shortages and Economic Uncertainty