Sanae Takaichi was elected as Japan’s Prime Minister and will take office on October 15. Following her victory, Japan’s Nikkei index soared 4.75%, showcasing a positive sentiment towards risk assets, particularly cryptocurrencies like Bitcoin.
Analysts predict that Takaichi’s pro-growth policies will clarify regulations and promote digital asset adoption. Her prior support of cryptocurrency regulation signals potential benefits for the crypto market, aligning with the interests of investors looking for stable assets amid economic fluctuations.
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