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BSV now trading in Japan for the first time ever on HuobiHuobi Japan has begun listing Bitcoin’s native asset, BSV, on its trading platform. It’s the first time BSV has gained a listing on one of the world’s most lucrative digital asset trading markets. Japan is the world’s third-largest economy, and the yen (JPY) is the world’s third-most traded fiat currency. The country’s share of the world’s (fiat) FX trading market has been estimated at around 4.5%. FTX interim CEO Sam Bankman-Fried recently suggested Japan’s digital asset trading market could be worth US$1 trillion. Both Huobi’s announcement and Bankman-Fried’s prediction are a few weeks old now, and Huobi’s BSV launch is landing smack in the middle of one of the digital asset industry’s worst price crashes. Bitcoin fans probably could have wished for this historic event to have happened at a more favorable time for the trading markets—and the global economy in general. However, just yesterday, BSV bucked the overall market trend by rising 10% as most others fell, possibly due to traders anticipating a growth opportunity. (For the record, Bankman-Fried remains bullish about the market and has promised to expand his businesses rather than downsizing as other large names like Coinbase have done.) Japan has been generally permissive of digital assets and the development of blockchain technology over the years. However, this has come with heavy regulation of exchange platforms and the assets they are allowed to list. These regulations have limited Japan-based digital asset trading to an exclusive range of coins and tokens that often reflected sentiments at the time the rules were made in preferences of industry groups like Ethereum Classic, BCH, and Japan’s own Monacoin. Until this year, it did not include BSV. Now that it does, and a large exchange has begun trading it, any visible demand for BSV could see other Japanese exchanges follow suit. Gaining regulatory acceptance from Japan’s Financial Services Agency (FSA) and an exchange listing was the result of the BSV Blockchain Association’s consultation and lobbying. The Association’s General Counsel and Chief of Staff, Marcin Zarakowski, has said the current introduction of SPV standards to BSV will help overcome any concerns regarding transaction security. Previously, the sheer volume of transactions on the BSV network had made some exchanges hesitant to support the asset.
BLong
by Kenneth4333333
IRV 1000 X possible play Gold minerIn Peru during a Ayahuasca ceremony I saw visions of massive amounts of gold being discovered in Japan. I am betting big on IRV, Japan Gold and Bemetals. Remember that Millionaires don't use Astrology, BIllionaires do. But Trillionaires use DMT and remote viewing instead. Trust the plan, Japanese gold stocks are the FUTURE. Think about it rationally for a second. -The United States is on the verge of collapse -The US protects world trade with their giant fleet, US in collapse means the fleet protecting world trade is called home, if that happens global trade is NO LONGER SECURED. -Which country has the second largest blue water navy? JAPAN. Japan, not china, not Russia is the new super power. It has been divinely appointed as the nation and the race to lead humanity into the age of aquarius. GO LONG JAPAN GOLD STOCKS, HIDDEN TREASURES ABOUT TO BE REVEALED!
CSE:IRV
by GregTheSpider69
How much of the Japanese stock market does the BOJ own?The Bank of Japan (BOJ), unlike any of its peers, has become a huge player in the country’s stock market. What began as a monetary policy experiment has turned into what some economists describe as a caveat for policymakers about the extent of intervention a central bank may take in propping up capital markets. Over the past decade, the BOJ managed to gobble up 80% of Japan’s exchange-traded funds (ETFs), accounting for about 7% of the country’s $6 trillion stock market, according to Bloomberg. Based on the Government Pension Investment Fund’s annual report for fiscal 2020 ended March 2021, the government held more than 47 trillion yen worth of Japanese stocks. GPIF is Japan’s largest public fund investor by assets. While ETFs in other parts of the world are used to monitor the performance of certain stocks according to industries, Japan has used its ETF investments to control inflation with the goal of spurring economic growth. The BOJ started employing this strategy in the later part of 2010 when it began acquiring shares listed on Japanese exchanges via ETFs as part of its quantitative and qualitative easing program. The program to buy ETFs began as a part of the central bank’s purchase of Japanese government bonds, until the BOJ tested stock-fund buying, hoping to boost stock prices, which in turn encouraged companies to spend more on expansions, create more jobs and push inflation higher. However, six years into the ETF-buying program, the BOJ still wasn’t able to reach its inflation target, prompting Governor Haruhiko Kuroda to introduce negative interest rates to prevent a strong yen that was hurting the country’s export-heavy economy. As it stands, the Japanese yen is trading at 130 per USD, a 20-year low for the currency, and could be heading for weaker territory without intervention. While a weaker yen has been welcomed by Kuroda, Reuters reported that Japan could be considering currency intervention to stem further weakness in the yen. The Reuters report helped the USDJPY push above a month’s long resistance of 129 per USD. Aside from stocks, the BOJ has also racked up large amounts of Japanese government bonds totaling 521 trillion yen as of the end of 2021. The level of bond holdings, however, has fallen for the first time in 13 years as the BOJ sought to taper its bond-buying program due to concerns of a looming financial risk. Where to from here? Fast forward to 2022, the BOJ is still stuck with a huge amount of bonds and stocks that the central bank may not be able to easily decrease as a sell-off would have adverse effects on the country’s capital markets. “The bank was surrounded by dead ends. They were cornered into a place where they couldn’t do anything else,” Izuru Kato, president at Totan Research, was quoted by Bloomberg as saying. Back in 2019, Kuroda defended the BOJ’s ETF-buying program, dismissing concerns that it is distorting influence. "At present, I don’t think our ETF buying is having any effect on market function… But we continue to watch out to make sure there are no negative side effects,” Kuroda was quoted by the Financial Times as saying. Most recently in March, as concerns over its stock holdings grew, the BOJ governor said it was premature to debate an exit from quantitative easing including how the central bank could pare its ETF holdings as inflation has yet to sustainably hit 2%. Kuroda had also hinted that in the event the BOJ decides to wind down its stock holdings, it will employ a strategy that would minimize the BOJ’s losses and any financial market disruption. "They cannot sell now. Shares will fall for sure... The negative impact would be pretty huge,” Tetsuo Seshimo, portfolio manager at Saison Asset Management, said earlier this month.
by BlackBull_Markets