Japanese Senator: Japan’s 10,000 denominations of new banknotes will lead to hyperinflation, or will cause cryptocurrency to skyrocket

According to recent reports from foreign media, Japanese Finance Minister Taro Aso announced today that he plans to update the banknotes of 10,000 yen, 5,000 yen and 1,000 yen in the first half of 2024. The last yen update was in 2004, but the banknotes with a face value of 10,000 yen were the first since 1984. The Japanese economic news commentary updated the banknotes to promote the cashless process. Japanese Senator Fujikori believes that people have lost trust in Japanese banks that adhere to the non-traditional financial policy of “quantitative easing”, causing hyperinflation and the yen’s plunging. The day is coming. In an interview in February this year, Fujiwara Health History said that the release of new editions of banknotes and deposit blockades could cause a surge in cryptocurrency.