Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
Your day-ahead look for July 10, 2026
Source: CoinDesk
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DW NOTE
Japan's Finance Minister just announced the GPIF will be "actively steered" to buy more government bonds. When a finance minister uses active voice about a supposedly independent pension fund, you're watching financial repression in real time. The playbook is simple: force savers into negative-real-rate bonds so the government can finance 200%-of-GDP debt without a crisis. What Katayama calls rebalancing away from cash, Russell Napier calls state-directed theft — the same trick debt-drowned nations pulled after 1945 to inflate away what they couldn't repay.