$BTC The gold rush has captivated Japan this spring.

As April marked a historic high for gold in terms of yen, Japanese investors are flocking to the precious metal —both directly and through renewed government programs— in an attempt to safeguard against the growing economic instability.

According to Kyodo News, the demand for gold in Japan has increased as citizens prepare for inflation, geopolitical tensions, and fears of a global economic recession —many of which have been amplified by the ongoing tariff rhetoric of former U.S. President Donald Trump.