I am surprised that mynhpark hasn't been banned yet.
There exist many reasons why the interest in Bitcoin is increasing at a rapid rate in Japan, for instance, Japan’s 10-year yields dropped back to zero percent for the first time since 2007. In conventional finance, the yield represents the income return on an investment that is normally expressed as an annual percentage rate. Japan’s zero percent yield shows a severe economic instability. Therefore, the Bank of Japan is attempting to print massive amounts of the Japanese yen in order to increase the inflation rate and keep the economy afloat.
If the inflation rate in Japan rises, like China, investors usually move to alternative safe haven assets and wealth management products (WMPs) such as gold and Bitcoin. In terms of liquidity and mid-term profitability, Bitcoin appeals to a larger market and thus, in times of financial instability and economic uncertainty, the demand for Bitcoin increases. Moreover, the Japanese mainstream media have been offering extensive coverage on Bitcoin, particularly due to the acceptance of Bitcoin by BiC Camera (a consumer electronics retailer chain in Japan) and the legalization of Bitcoin by the Japanese government.
https://cointelegraph.com/news/bitcoin-price-nears-all-time-high-at-1277-led-by-japanThere exist two main reasons why the interest in Bitcoin is increasing at a rapid rate in Japan, as shown in the trading volume and price chart above. First, as noted by financial analyst and Welt Senior Editor Holger Zschaepitz, Japan’s 10-year yields dropped back to zero percent for the first time since 2007.
In conventional finance, the yield represents the income return on an investment that is normally expressed as an annual percentage rate. Japan’s zero percent yield shows a severe economic instability and as Zschaepitz explained, the Bank of Japan is attempting to print massive amounts of the Japanese yen in order to increase the inflation rate and keep the economy afloat.
If the inflation rate in Japan rises, like China, investors usually move to alternative safe haven assets and wealth management products (WMPs) such as gold and Bitcoin. In terms of liquidity and mid-term profitability, Bitcoin appeals to a larger market and thus, in times of financial instability and economic uncertainty, the demand for Bitcoin increases.
Moreover, the Japanese mainstream media have been offering extensive coverage on Bitcoin, particularly due to the acceptance of Bitcoin by Bic Camera and the legalization of Bitcoin by the Japanese government.
