As Japan's economy gradually emerges from deflation and enters an inflationary era, Japanese investors are experiencing an unprecedented adjustment in asset allocation. Morgan Stanley's report suggests that Japanese household investors are actively taking measures to protect their assets from inflation erosion, reducing their holdings in cash and deposits while increasing allocations to stocks and investment trusts. The launch of the new version of NISA (Nippon Individual Savings Account) in 2024 has further accelerated this trend, attracting over 17.4 trillion yen in funds in just the last year, which is 3.3 times that of 2023.

Bitcoin:

On the daily chart, the price continues to oscillate near the moving averages, with upward pressure from the moving averages still present.