Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?

[Nikko]

Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?

The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments.

Investors in Japan increased their crypto holdings during the early stages of the pandemic before the government issued economic relief payments.

According to a July 13 report from Japanese news outlet Nikkei, the Bank of Japan revealed that the supply of M3 in the country — a measure of various money stock in circulation — increased 5.9% in June to $13.5 trillion.

Readmore: https://cointelegraph.com/news/japanese-residents-have-cash-to-spare-but-is-it-going-into-crypto