BTC Climbs Record Levels Against Yen as Japan’s New Leadership Signals Abenomics Revival

6/10/2025 – Bitcoin Hits Record vs. Yen as Japan’s PM Sanae Revives Abenomics Hopes

Bitcoin (BTC) surged to a record high against the Japanese yen on Monday, outpacing its dollar pair, after newly elected Prime Minister Takaichi Sanae signaled a return to the pro-stimulus “Abenomics” strategy.

Abenomics, introduced by former PM Shinzo Abe in 2012–2013, aimed to revive Japan’s economy through aggressive monetary easing, increased fiscal spending, and structural reforms to boost growth.

Speaking at a press conference Saturday, Sanae emphasized that her government would take the lead in fiscal and monetary policy, calling for close coordination with the Bank of Japan to achieve “inflation backed by rising wages and corporate profits.” She also stressed the importance of maintaining accommodative conditions in a “tightrope” economy.

Markets responded immediately: BTC/JPY on BitFlyer hit ¥18,640,000, extending a five-day winning streak, while BTC/USD on Coinbase traded near $123,100. Japanese equities also climbed, with the Nikkei topping 48,000 points, and the yen fell to 150.35 per USD, its weakest since August 1.

Analysts say the renewed stimulus expectations, coupled with global Fed easing bets, are boosting cryptocurrencies and precious metals as hedges against currency volatility.