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Yoshimasa Maruyama<\/strong>, chief economist at SMBC Nikko Securities, remains optimistic: “Japan’s economy was solid in the first half and today’s GDP shows that momentum is temporarily interrupted. I expect the economy to resume a moderate recovery trend.”<\/p>\n\n\n\n This context provides an ideal political window for Prime Minister Takaichi to justify her ambitious stimulus plan. The main objective? Help Japanese households absorb rising prices without forcing the Bank of Japan<\/strong> to tighten monetary policy aggressively. This expansionary fiscal strategy creates an unusual divergence<\/strong>: while the government injects massive liquidity, the BOJ maintains its key rate at 0.5%<\/strong> and doesn’t rule out a hike as early as December.<\/p>\n\n\n\n This macroeconomic configuration could generate significant volatility on the yen and redirect capital flows toward assets perceived as inflation hedges<\/strong>. Bitcoin<\/a> fits precisely into this category, and conditions are aligning for a potential breakout.<\/p>\n\n\n\n The Japanese liquidity injection doesn’t occur in a vacuum. It’s part of a global movement toward easing financial conditions that could create an extremely favorable environment for risk assets. In the United States, the Treasury General Account shows a balance close to $960 billion<\/strong>, and JPMorgan anticipates an outflow of $300 billion<\/strong> from the TGA in the coming weeks. The Fed, meanwhile, is expected to end its quantitative tightening program on December 1st.<\/p>\n\n\n\nGlobal Liquidity: The Perfect Cocktail for Bitcoin<\/h2>\n\n\n\n