Japan's Next Economic Boom Will Be Bitcoin And Blockchain Fuelled
By Billy Bambrough Japan's economy — which for years has struggled to return to its 1980's growth levels — could be about to boom once again, thanks to bitcoin, cryptocurrency and blockchain technology. At the Japan Blockchain Conference this week in Tokyo (the first of what's expected to become a yearly event) the chief executive of financial services giant SBI Holdings Yoshitaka Kitao said he is betting that blockchain related technologies will fuel the next boom for the Japanese economy after decades of economic malaise. In the 1970s, Japan had the world's second-largest GDP after the U.S. and this boom continued through to the 1980s. However, by the early 1990s Japan's economy had stalled, plunging the country into what has been called the "lost decade" of growth. It has previously been suggested Japan's economy could be kick-started by a "technological boom." Improved mobile connectivity through the lo...