What to indulge oneself in:
- Oh dear, BTC is having another little sulk beneath the $85,500 mark.
- Sanae Takaichi’s government, with great pomp and circumstance, approves a bonanza of nothing short of a bazooka-adding a refreshing twist of inflation relief.
As though he were the stage manager of an oversized puppet theatre, Prime Minister Sanae Takaichi’s cabinet-as only they could-gave the thumb’s up to a whopping multi-billion dollar stimulus package. Ever the careful economic architect, they chose to surprise the throng with a splendid circus of expenditure yet again.
A sum so generous, it makes one’s jaw drop: JPY 21.3 trillion ($135.40 billion) worth of munificence. This, ladies and gentlemen, includes general account outlays of JPY 17.7 trillion, topping last year’s meager JPY 13.9 trillion by a considerable margin. Eclipsing anything seen since COVID laid low the world, topped off by a delightful JPY 2.7 trillion in tax cuts-efficiency and frugality be damned!
The accolades for this brassy ensemble proclaim its noble purpose: to lift the burdens of inflation from the weary shoulders of households and businesses. Media reports gleefully exclaim the cheek of this approach, which seemingly snubs traditional economic sentiment: stimulus, they say, loves to stoke the fires of inflation.
Meanwhile, and in an almost sacrilegious turn, Bitcoin-garnered by many as a sanctified hedge against the follies of inflation and fiscal irrationality-was reduced to a sight of gloom and pout, dropping 0.8% to $85,480. Having recently plummeted from its record of $126,000 with the enthusiasm of a cyclist sliding gracefully from a summit, the market seems to have decided a little humility suits it well.
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2025-11-21 07:44