Top financial officials in Japan are meeting Wednesday to discuss the latest turbulence in the financial and capital markets. According to reports, representatives from the Ministry of Finance (MOF), the Financial Services Agency (FSA), and the Bank of Japan (BOJ) will attend the meeting following what reports called “extraordinary market events”.

BitMEX co-founder Arthur Hayes responded to the information about the meeting via his X account, highlighting that discussions at the meeting would revolve around the government printing money. The famous crypto commentator believes such actions by Japan would contribute to Bitcoin’s next major price increase, which he colorfully described as a “Yachtzee moment.”

Related: The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge

Hayes had previously pointed to a potential interest rate cut by the US Federal Reserve and a Yuan devaluation as triggers to form the tailwind behind BTC’s next surge. 

He now adds potential Japanese monetary expansion as an additional factor in the Bitcoin rally build-up. Although the MOF, FSA, and the BOJ have not detailed their meeting agenda, Hayes speculates that a policy outcome will likely involve some form of liquidity or easing.

Notably, the proposed meeting by Japan’s top financial institutions is a fallout from the ongoing global tariff readjustments triggered by the Donald Trump administration in the US. Major economies worldwide are assessing how to adjust their own policies or negotiate deals to shield themselves from negative impacts.

Related: Billionaire Investor Ray Dalio Warns that Tariffs are Only the Beginning

Reports suggest the Japanese officials will discuss ‘international financial markets,’ after which the public expects a joint statement from the parties involved. However, Hayes and other analysts are more concerned about the meeting outcome’s effect on digital asset prices.

Typically, printing more money results in inflation and leads investors toward seeking alternative avenues for wealth preservation. Many investors run to Bitcoin under such circumstances, causing increased demand for the digital asset. 

Hence, Hayes’s projection that the proposed meeting could be a step toward a potential surge in Bitcoin’s price, similar to an increase in interest rate or a currency devaluation.