For years, Japanese bonds offered very low returns, so many global investors preferred U.S Treasuries. However, if Japanese bonds become more attractive, some of that money could start moving back east.<\/p>\n
This would push U.S bond yields higher, and make the competition heat up.<\/p>\n
Here, the timing is worth noting. The BOJ\u2019s meeting will be followed by a meeting of the U.S Federal Reserve on 17 June! That\u2019s two major central bank decisions within 24 hours, which could keep the markets chaotic.<\/p>\n
A new route for XRP<\/p>\n
There\u2019s another development<\/a> that is bringing crypto into the same conversation. On 10 June, Japan\u2019s SBI Shinsei Bank will allow customers to convert a part of their deposit interest into Ripple\u2019s XRP [XRP].<\/a><\/p>\n This is important because Japan\u2019s banking system holds roughly $8.6 trillion in deposits. Even with low interest rates, often below 0.5% for many accounts, the total interest paid across the system can still run into tens of billions annually.<\/p>\n SBI\u2019s move will give a small slice of that interest flow a direct path into XRP. It won\u2019t change the market overnight, but it might create a potential source of recurring demand.<\/p>\n Crypto still trails stocks<\/p>\n This is where the picture becomes more balanced. On one side, Japan\u2019s banking system may create a new demand channel for XRP through interest conversions.<\/p>\n On the other, the crypto market<\/a> is still lagging behind equities.<\/p>\n
![\"crypto\"](\"https:\/\/www.europesays.com\/japan\/wp-content\/uploads\/2026\/06\/HKXHbE4XYAAibDI.jpeg\"\/)
<\/a>Source: X<\/p>\n