Intermarket Analysis: Japan, Gold and Bitcoin
The US Federal Reserve ended QE last week and promised to keep rates “extraordinarily low” for an extended period of time. However, the great QE rotation has been passed to the Bank of Japan (BOJ) and they answered the call mightily Friday by increasing their bond purchases (QE) by a third. They will not only be buying bonds but stocks and real estate. Meanwhile, the Japanese pension fund announced it will increase its allocation to domestic and foreign stocks. On the tail end of this, global stock markets roared to the upside and the Japanese stock market (Nikkei) has reached a 7 year....
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This is part of a larger presentation I did at Coinagenda. See the complete slides here. I encourage everyone to quickly go through the slide deck to check the pulse of the global economy. The macro environment looks like one of deflation rather than the inflation that central banks were trying to create. These charts show failed global central bank policy. In this presentation I use simple technical indicators: the 50, 100, & 200 day exponential moving averages for the daily charts and weekly charts and the Relative Strength Index. The reason why is because the charts really speak for....
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to deal with the health crisis. The Covid-19-induced recession has seen Japan’s tax revenues drop, leaving a significant hole in its budget. According to a report, before this “rare arrangement,” Japan’s finance ministry would normally....
Bitcoin-to-gold exchange Vaultoro has noted a 13% surge in gold trading in Japan, which is possibly tied to the central bank’s negative interest rates. Plenty of countries around the world are dealing with financial turmoil, and Japan is no different in that regard. The country is dealing with negative interest rates and expected inflation, which makes....
Japan and Portugal announce approval of new cryptocurrency exchanges in the nations. Portugal has approved two exchanges so far, while Japan has allowed Coinbase to function within the country. Japan Approves Coinbase Coinbase can finally start operations in Japan as the country’s top financial regulator has approved the organization within the nation. As of this […]
3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th […]