Japan's PM Takaichi just signaled a major shift in fiscal policy approach. Instead of chasing annual budget balance targets every single year, the government is now eyeing medium to long-term fiscal sustainability—basically a multi-year perspective on debt management.

What does this mean? It's a subtle but significant change. Traditional budget hawks push for balanced books annually, which can constrain spending. By stretching the timeline, policymakers get more flexibility. They can inject stimulus when needed without constantly hitting artificial yearly targets.

For markets, this matters. Looser fiscal discipline often signals sustained government spending, which typically supports risk assets. When central banks remain accommodative and governments maintain expansionary fiscal stances, you usually see capital flowing into growth and speculative assets—including crypto markets during bull runs.

Takaichi's move suggests Japan is willing to prioritize economic growth over strict fiscal orthodoxy, at least for the next few years. That's the kind of policy environment where alternative assets tend to get attention from larger investors seeking yield.