Japan's government has truly gone "all out" this time: issuing a staggering 29.6 trillion yen in government bonds in a single day (approximately 1.3 trillion RMB), breaking all historical records. This is not a routine operation but an unprecedented fiscal leverage.

To put it more intuitively: nearly 1 billion RMB is being injected daily, and this will continue for an entire year. Just imagine the scale of this investment—it's enough to give you a sense of how crazy it is.

The most painful contradiction lies here—while the central bank is aggressively raising interest rates to tighten liquidity, the Ministry of Finance is simultaneously issuing bonds wildly, pouring water into the market to stimulate growth. The two departments are engaging in opposite maneuvers, leaving the market and the yen exchange rate caught in the middle, plunging into an unprecedented whirlpool of uncertainty. This "policy tug-of-war" situation has left all traders somewhat confused.

The real risk comes later—when such a large amount of funds flood into the market, regardless of which specific sector they flow into, it will create an unstoppable wave of liquidity. The traditional asset pricing logic may be completely disrupted, and risk assets, including cryptocurrencies, could be revalued.

This is not just Japan's issue. The certainty of this massive capital inflow is sending a huge potential liquidity signal to global markets. When the printing press operates at this scale, the stories of almost all assets may need to be rewritten.