After 17 years, the Bank of Japan ends its interest rate cycle and raises the key interest rate for the first time. After considerable wage increases and inflationary pressure, monetary policy in Japan is under pressure. If you zoom out, it becomes clear just how much the fiat money system is in tatters. Let's see when they meekly give in and start pumping money again until the doctor comes in. But nevertheless: The pressure on the European Central Bank continues to grow, as the eurozone is in recession, inflation rates are falling moderately and the aim is to cut interest rates, which could have an impact on the existing carry trade between the yen and the eurozone.
21 sats \ 4 replies \ @Coinsreporter 19 Mar
After 17 years! That's good amount og time for making things worse. They have done it by themselves. Japaneese are, however hard working, they will put every effort to come out of it.
An instant solution is Bitcoin but they seem not so ready like their neighborhood who are pro crypto.
What about SK economy? Haven't heard anything wrong about them recently.
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63 sats \ 3 replies \ @TomK OP 19 Mar
I recently saw a statistic somewhere on Twitter that Asia is slightly positive. but you can't see any real Bitcoin adaptation there yet. maybe South Korea. Europe, which is my main focus, is just saying goodbye to Bitcoin. the scorn and derision I had to listen to today alone because of the correction is unbelievable. I haven't heard a single comment since Bitcoin has appreciated so significantly, but today everything is full of articles. It looks like people are staring at this price like crazy but only because they know someone has Bitcoin
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32 sats \ 1 reply \ @SpaceHodler 19 Mar
The Japanese are hard working, but there doesn't seem to be much of an individualistic culture there; that FU spirit I historically associate with the West.
Europe is cucked unfortunately at this point, although it is still home to some self-respecting individuals.
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12 sats \ 0 replies \ @TomK OP 19 Mar
That's the schizophrenic thing about Europeans: on the one hand they are the root of communism and on the other hand they have produced the most beautiful philosophies of individual interpretation of the world
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21 sats \ 0 replies \ @Enemy_of_the_state 19 Mar
Mostly cope, which makes me smile.
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21 sats \ 1 reply \ @BlokchainB 19 Mar
Chickens coming home to roost in Japan?
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0 sats \ 0 replies \ @TomK OP 19 Mar
I think that gently rising interest rates are more likely to attract capital and make the first more attractive and, above all, banks may be able to improve their balance sheet position somewhat and earn money again.
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