Japanese retail investors hit all-time high: 92M shareholders in 2025 📈

Tokyo Stock Exchange data shows individual investors up 8.4M YoY - biggest retail presence ever recorded in Japan's equity markets

This matters for crypto:
• Retail capital rotation from equities → digital assets is a proven pattern
• Japanese retail has historically been early to speculative plays ($XRP, $MONA legacy)
• Macro liquidity signal: More people investing = more dry powder for risk-on assets

Watch Japanese CEX volumes and yen-denominated stablecoin flows. When TradFi retail peaks, crypto often gets the overflow