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05:16
Japan's Golden Week consumption outlook is sluggish: inflation and a weak yen suppress travel willingness
(1) The long holiday in Japan from late April to early May is usually a peak period for consumption, but under the ongoing impact of inflation, this year's outlook is not optimistic. (2) According to research company Intage, about 41% of respondents have no plans for the upcoming Golden Week, an increase of 4.7 percentage points compared to last year; the average holiday budget has also dropped by 5.4% to 27,660 yen. (3) Due to the weak yen pushing up the cost of overseas travel and Middle East conflicts raising safety concerns, only 1% of respondents plan to travel abroad during the holiday.
05:09
ARK Invest: Bitcoin Strong Holders' Positions Increased by 69% in
According to Cointelegraph, an ARK Invest report shows that despite Bitcoin's price dropping 22% in the first quarter, holdings by "Conviction Buyers" increased from 2.13 million to 3.6 million Bitcoin, a rise of 69%, reaching the highest level since 2020.
05:05
Bitcoin and Ethereum Drop Due to Japanese Inflation and Iran Conflict
Bitcoin and Ethereum prices have fallen, affected by rising inflation in Japan, oil price fluctuations caused by the Iran conflict, and market expectations of a rate hike by the Bank of Japan. Japan's inflation rose in March, which could strengthen the yen and impact global risk assets. The Iran conflict has disrupted oil transport through the Strait of Hormuz, increasing global energy costs and inflation risk.
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