"Japan debt crisis…positive for virtual assets"

As Japan's debt crisis deepens, there have been claims that interest in alternative financial instruments such as virtual assets (cryptocurrencies) could rise.

On the 17th (local time), CoinDesk reported that Robin Brooks, senior fellow at the Brookings Institution, said, "Japan has maintained the highest debt-to-GDP ratio among advanced economies for years at 240%," and "this increase in debt risk could lead investors to turn to alternative financial instruments such as virtual assets and stablecoins."