#美联储回购协议计划 Alarm bells are ringing!! The global capital landscape is quietly being rewritten - this time, the driving force is surprisingly Japan's housewives.

While the whole world is watching the next move of the Federal Reserve, a group of Japanese housewives controlling $15 trillion in household assets are silently changing the flow of global funds. On December 19, 2025, the Bank of Japan made a splash with its decision: raising interest rates to 0.75%, the largest single increase in thirty years. This cut has sent ripples spreading everywhere, from Japan to Wall Street, from the stock market to the cryptocurrency world.

The curtain falls on arbitrage games
In the past decade, the strategy of "borrowing yen to buy dollar assets" has been a favorite trick on Wall Street. Now it has reversed: the Federal Reserve is cutting interest rates while Japan is raising them, and the cost of borrowing has surged in an instant. Those trillions of yen in arbitrage positions are being ruthlessly liquidated.

The power of retail investors is often stronger.
Hedge funds have risk control meetings and position reporting processes. But the "Mrs. Watanabes" are different – they don't have those cumbersome things. They just sell US stocks, sell US bonds, and exchange for yen in sync. This kind of "covert synchronization" can sometimes be more powerful than institutional sell-offs. Because it comes suddenly, without warning, and without a buffer.

Rotation of safe-haven assets
When traditional assets are shaky, those new players with high consensus start to attract attention. Bitcoin's weekly inflow of funds has reached a new high for the year, and the holdings of gold ETFs are also rising. These assets are likely to be the destination for the next wave of liquidity migration.

Interestingly, in 2007, "Mrs. Watanabe" became famous for this arbitrage strategy, and now they are stirring the market again by ending this trade. However, this time, they are changing not only their own accounts but potentially the direction of global liquidity as well.

Is this capital shift driven by family assets a short-term fluctuation or a long-term structural change? Share your thoughts in the comments.