BTC Hits Fresh Yen Highs as Japan’s New PM Targets Economic Revival Through Abenomics

Bitcoin Hits Record vs. Yen as Japan’s PM Sanae Pushes Pro-Stimulus Policy

Bitcoin (BTC) surged to a record high against the Japanese yen on Monday after newly elected Prime Minister Takaichi Sanae signaled a return to the pro-growth “Abenomics” framework. The move lifted BTC/JPY above ¥18,640,000, outpacing its gains against the U.S. dollar.

Abenomics, originally introduced by former PM Shinzo Abe in 2012–2013, relied on aggressive monetary easing, increased public spending, and structural reforms to stimulate investment and combat long-term deflation.

Speaking at a press conference, Sanae stressed that the government would take a leading role in fiscal and monetary policy. She highlighted coordination with the Bank of Japan to deliver “demand-driven inflation supported by higher wages and corporate profits,” while maintaining accommodative conditions for the economy.

The market response was immediate: Bitcoin’s dollar-denominated pair traded around $123,100 on Coinbase, Japanese equities rallied with the Nikkei crossing 48,000 points, and the yen weakened to 150.35 per USD, its lowest since early August.

Investors view the potential policy shift as supportive for risk assets, particularly cryptocurrencies and precious metals, amid expectations of continued global monetary easing. BTC bulls appear to be capitalizing on the combined effect of a weaker yen and renewed fiscal stimulus optimism.