Bank of Japan Holds Rate: What It Means for Crypto Startups and Salaries
The Bank of Japan just decided to keep its interest rate at 0.5%. Not the most exciting news, but let’s see how it influences the crypto world. For those of us in the startup ecosystem, this will affect how we manage our crypto salaries and the overall landscape of crypto banking.
The Bigger Picture and Crypto Banking for Startups
The Bank of Japan’s decision is a cautious one, aimed at keeping the Yen from appreciating too much. Why does this matter? A stronger Yen could hurt Japan’s export sector, and for everyone involved in crypto banks or startups, that’s something to consider.
For us, the low-interest environment could offer a chance to tap into the carry trade. This is where investors borrow in Yen at low rates to invest…
