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Will the value of the yen decline further against the dollar by November 2024?
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Yes • 50%
No • 50%
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Japanese Firm Metaplanet Adopts Bitcoin as Reserve Asset Amid Yen Decline
May 13, 2024, 08:05 AM
Japanese firm Metaplanet Inc. has adopted Bitcoin as a strategic treasury reserve asset, signaling a significant shift in corporate asset management amid a decline in the yen's value. This move comes as the yen, one of the top five global reserve currencies, faces pressure due to Japan's fiscal challenges. The decision by Metaplanet, a Tokyo-listed cryptocurrency firm, aligns with broader corporate strategies to diversify reserves in response to fluctuating traditional currencies. The adoption was reported as Bitcoin's value recently surged, reaching over $63,000 before experiencing a pullback.
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Below ¥150 • 25%
¥150 to ¥160 • 25%
¥160 to ¥170 • 25%
Above ¥170 • 25%
Widening of the trade deficit • 33%
Narrowing of the trade deficit • 34%
No significant change • 33%
Below 150 • 25%
150-155 • 25%
156-160 • 25%
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Yes • 50%
No • 50%