Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

CARV Announces Partnership with Cycle Network to Expand Cross-Chain AI Network

04/07/2025

Will Bitcoin bears drag price to $100K as BTC struggles at $103K?

04/07/2025

4 Bullish Signs Show ETH Price Might Be Ready to Explode

04/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Will Bitcoin bears drag price to $100K as BTC struggles at $103K?

    04/07/2025

    Texas clears final hurdle for Bitcoin reserve fund

    04/07/2025

    Sell Bitcoin or Hold? Sobering Economic Model by Investor Fred Krueger

    04/07/2025

    What to Expect in Bitcoin in June? Expert Analysts Share Their Predictions

    04/07/2025

    4 Bullish Signs Show ETH Price Might Be Ready to Explode

    04/07/2025

    Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

    04/07/2025

    Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension

    04/07/2025

    Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

    04/07/2025

    Pi Network Price Soars After 86 Million PI Tokens Pulled from OKX Exchange

    04/07/2025

    Is Hoskinson quietly profiting off unsold ADA?

    04/07/2025

    Cardano Set to Launch Bitcoin DeFi Integration on May 27, Targeting DeFi Growth

    04/07/2025

    Animoca Brands invests in Astar to grow Sony-linked blockchain ecosystem

    04/07/2025

    Art Blocks’ PostParams Enable a New Medium for Generative Art

    03/07/2025

    Researchers Use AI to Reconstruct 3,000-Year-Old Babylonian Hymn

    02/07/2025

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    01/07/2025

    Donald Trump Made His New Move Concerning Memecoin TRUMP!

    01/07/2025

    CARV Announces Partnership with Cycle Network to Expand Cross-Chain AI Network

    04/07/2025

    Will Bitcoin bears drag price to $100K as BTC struggles at $103K?

    04/07/2025

    4 Bullish Signs Show ETH Price Might Be Ready to Explode

    04/07/2025

    Bitcoin Will Rally as U.S. Growth Improves, Crypto Bills Progress: Coinbase Research

    04/07/2025
  • Blockchain

    CARV Announces Partnership with Cycle Network to Expand Cross-Chain AI Network

    04/07/2025

    SFT Protocol Taps Crust Network to Build Next-Gen Decentralized Infrastructure

    04/07/2025

    Brooklyn teen deploys Solana node for his high school

    04/07/2025

    Terminus Joins Forces with WizoLayer to Merge Real-World Payments and Web3

    04/07/2025

    JPMorgan unit developing blockchain-based platform to tokenize carbon credits

    04/07/2025
  • DeFi

    DeFi Enters New Era as Injective Debuts High-Speed Testnet Making it the Only L1 With Unified VM Layer

    04/07/2025

    Multi-Token Swaps Go Live as Burve Debuts on Berachain

    04/07/2025

    Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

    04/07/2025

    Zilliqa Leads with 41% Surge

    04/07/2025

    Justin Hyun on Building Affluent’s DeFi Super‑App in Telegram

    04/07/2025
  • Metaverse

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025

    Mark Zuckerberg Unveils New Meta AI Lab After Poaching OpenAI Talent

    01/07/2025

    Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test

    28/06/2025

    Meta and OpenAI Use of Copyrighted Books for Training AI Was Fair Use: Federal Judge

    26/06/2025

    How to Get Your Chatbot to Talk Dirty

    18/06/2025
  • Regulation

    Bitcoin Will Rally as U.S. Growth Improves, Crypto Bills Progress: Coinbase Research

    04/07/2025

    DTCC joins stablecoin race, awaits clarity from U.S. lawmakers

    04/07/2025

    Hong Kong’s Legendary Education Group Announces Bold $3.82M Crypto Investment Plan

    04/07/2025

    MicroStrategy director quietly dumps all his MSTR shares

    04/07/2025

    Tokenized US Treasuries Grow by $340M in Just Under Three Weeks

    04/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Top Optimism DEX Velodrome Launches On-Chain Swap Infra for Superchain

    03/07/2025

    new era for derivative trading on onchain wallet

    03/07/2025

    FTX Reveals Next Repayment Date to Fully Compensate Large Creditors

    03/07/2025

    Gate Surpasses 30 Million Global Users, Accelerating Its Rise as the Next-Generation Crypto Exchange

    03/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    WizoLayer Partners with KingdomStarter to Revolutionize Web3 Gaming and DeFi

    04/07/2025

    PlayZap Games Joins Forces with DeFi Cattos to Offer Cutting-Edge Gaming via Aptos

    04/07/2025

    EverQuest, Planetside Co-Creator Reveals Open-World Shooter Game ‘Reaper Actual’

    03/07/2025

    Former Riot, Blizzard Game Developers Raise $30.5M to Build AAA Shooter on Etherlink, Tezos L2

    03/07/2025

    Tether and Adecoagro join forces for sustainable Bitcoin mining

    04/07/2025

    Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

    04/07/2025

    CleanSpark’s Tennessee expansion boosts stock 11% amid local unrest

    03/07/2025

    What Are Bitcoin Miners Waiting For?

    02/07/2025

    Why the XRP Legal Battle Still Isn’t Officially Over

    03/07/2025

    Senate Passed Trump’s “Big, Beautiful Bill” With 51-49 Vote

    03/07/2025

    Ripple’s post-2018 XRP sales to institutional buyers don’t violate SEC conditions

    02/07/2025

    New Developments Regarding the Fate of Terra (LUNA) Founder Do Kwon – There May Be a Glimmer of Hope, Here Are the Critical Dates

    02/07/2025

    CARV Announces Partnership with Cycle Network to Expand Cross-Chain AI Network

    04/07/2025

    Will Bitcoin bears drag price to $100K as BTC struggles at $103K?

    04/07/2025

    4 Bullish Signs Show ETH Price Might Be Ready to Explode

    04/07/2025

    Bitcoin Will Rally as U.S. Growth Improves, Crypto Bills Progress: Coinbase Research

    04/07/2025
  • MarketCap
NBTC News
Home»Regulation»‘Inflation may never stop’ — Bitflyer CEO Yuzo Kano slams Modern Monetary Theory on X
Regulation

‘Inflation may never stop’ — Bitflyer CEO Yuzo Kano slams Modern Monetary Theory on X

NBTCBy NBTC08/11/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Yuzo Kano, founder and CEO of leading Japan-based exchange Bitflyer, says that Modern Monetary Theory (MMT) could lead to all kinds of economic and societal ills, including runaway inflation and loss of faith in money. The former Goldman Sachs trader noted on X that “inflation may never stop” should MMT be implemented more and more — a big problem for already struggling Japan.

While American doom scrollers talk incessantly about Trump and Harris, and others — more understandably in a sense — mourn a murdered squirrel named Peanut, Yuzo Kano is warning about the danger of implementing Modern Monetary Theory (MMT) in Japan.

The Goldman Sachs alumnus and CEO of leading crypto exchange Bitflyer says that practicing MMT could lead to loss of faith in money, runway inflation, and general economic chaos — something the embattled economy of Japan could really do without right now.

The Japanese Yen

Kano warns of MMT fallout

Kano took to Twitter on Nov. 3 (JST) to write (translated by Google): “The idea behind MMT is to ‘use a lot of money to improve the economy,’ but if this doesn’t work, there is a risk that prices will skyrocket and money will lose credibility.”

In his post, the Bitflyer founder notes that simply spending more and more (read: printing and creation from thin air) of the country’s fiat currency to fight problems could result in economic disaster.

At a time when even Japanese are jumping on the “Trump train,” under the delusion the Republican candidate is fiscally conservative, Kano’s post strikes a nerve.

Americans will remember (or have selective amnesia about) the time when Trump said the U.S. government can never default on debts, back in 2016. “First of all, you never have to default because you print the money, I hate to tell you, OK?” the former U.S. president smugly stated when pressed on fiscal issues.

This free printing is actually one of the key tenets of MMT — just inject more money whenever there’s a problem.

Japan’s new prime minister flip-flops, leans toward MMT

In the land of the rising sun, a new prime minister has also waffled on fiscal policy, going from being a critic of the BoJ (Bank of Japan) to encouraging free spending to boost the economy.

Elected on September 27, Shigeru Ishiba is interested in increased spending to beef up Japan’s military and is in favor of an “accommodative” monetary policy.

“With MMT, there is no longer a ‘let’s hold back because we don’t have enough money’ stopper, so politicians may be more likely to waste money,” Kano emphasizes in his post. “There is a risk that wasteful spending to gain popularity in elections will increase and things will not go well.”

Japanese Trump supporters wheel their MMT god through the streets at a recent rally in Japan.

Kano also hints at a basic fact of reality: if there is too much money and not enough goods, things are bought up out of proportion, and prices skyrocket.

For those just scraping by on a pittance in Japanese yen currently (read: most of the population), due in part to a USD on steroids, over-tourism, and rampant inflation, Modern Monetary Theory and more pipe dreams from politicians are the last things needed.

“Inflation may never stop,” Kano cautions, reiterating: “MMT believes that it is okay to spend a lot of money as long as the prices of things (inflation) do not rise too much.” But he warns that if they do rise sharply, the state cannot simply turn off the tap once the market has been flooded with fiat, and “inflation may get out of control.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Will Rally as U.S. Growth Improves, Crypto Bills Progress: Coinbase Research

04/07/2025

DTCC joins stablecoin race, awaits clarity from U.S. lawmakers

04/07/2025

Hong Kong’s Legendary Education Group Announces Bold $3.82M Crypto Investment Plan

04/07/2025

MicroStrategy director quietly dumps all his MSTR shares

04/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

CARV Announces Partnership with Cycle Network to Expand Cross-Chain AI Network

04/07/2025

Will Bitcoin bears drag price to $100K as BTC struggles at $103K?

04/07/2025

4 Bullish Signs Show ETH Price Might Be Ready to Explode

04/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.