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Japan Consumer Index Drops Again—Could Dovish BoJ Lift Bitcoin?

  • Japan's consumer index fell for the third consecutive month in May, raising concerns about household spending and economic momentum.
  • Weak consumption data could prompt the Bank of Japan to adopt a more cautious policy stance, potentially benefiting Bitcoin as investors seek alternative assets.
  • Inflation continues to erode purchasing power, with durable goods fluctuating and non-durable goods facing inflationary pressures.
  • Amid concerns over consumption, the BoJ's stance on monetary policy could impact Bitcoin's performance, potentially attracting fresh capital flows into the crypto market.

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