PANews reported on October 22 that according to Cointelegraph, Japan's new Prime Minister Sanae Takaichi announced on Tuesday a package of economic stimulus measures to ease the impact of inflation on households. Some cryptocurrency observers said that this move may prompt more funds to flow into Bitcoin. The stimulus measures include subsidies for electricity and gas costs, as well as regional subsidies, aimed at easing price pressures and encouraging small and medium-sized enterprises to increase wages. BitMEX co-founder Arthur Hayes believes that this move foreshadows that the Bank of Japan will further issue fiat currency, which may push the price of Bitcoin to $1 million. In an X platform tweet posted on Tuesday, Hayes said: "Translated: Japan prints money and gives it to the people to help them cope with rising food and energy costs. This dynamic may push the price of Bitcoin to $1 million and trigger an appreciation of the yen."

Hayes previously predicted that the Bank of Japan's shift to quantitative easing (QE) could be the next major catalyst for Bitcoin and risky assets. The Bank of Japan's next monetary policy meeting is scheduled for October 29. According to Reuters on Monday, most analysts expect the Bank of Japan to raise interest rates by 0.75% by early 2026, but there is no clear consensus on the exact timeline.