What if Japan immigration shift eases chronic labor shortage (good)?
Japan widens specified-skilled-worker visas, easing acute shortages in care, logistics and construction and lifting potential growth; a structural labor-supply improvement is mildly reflationary and risk-positive.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-on shock. Japan widens specified-skilled-worker visas, easing acute shortages in care, logistics and construction and lifting potential growth; a structural labor-supply improvement is mildly reflationary and risk-positive. The trigger decomposes into signed root‑shocks — Consumer spending ▲ · Growth surprise ▲ · Labor surplus ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▲ +0.6% hist -3.66–+1.8% · other way -5.96% (n=8) |
| 2 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▲ +0.6% hist -5.4–+12.28% · other way +1.45% (n=11) |
| 3 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▲ +0.5% model prior · unmeasured |
| 4 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▲ +0.5% hist -1.18–+2.97% · other way -5.99% (n=8) |
| 5 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.4% hist -0.63–+0.47% · other way +0.27% (n=11) |
| 6 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▼ -0.3% hist -0.31–-0.07% · other way +5.39% (n=11) |
| 7 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▲ +0.3% hist -0.63–+1.89% · other way -3.22% (n=10) |
| 8 | Tech sector XLK 📈 chart | Equity | ▲ +0.3% hist -0.64–+0.28% · other way +0.29% (n=11) |
| 9 | S&P 500 SPXon Hyperliquid 📈 chart | Index | ▲ +0.2% hist -0.65–+0.47% · other way -1.99% (n=12) |
| 10 | Coinbase COINon Hyperliquid 📈 chart | Equity | ▲ +0.2% hist -3.43–+7.1% · other way +3.26% (n=8) |
| 11 | Semiconductors SMHon Hyperliquid 📈 chart | Equity | ▲ +0.2% hist -0.34–+0.9% · other way +0.95% (n=11) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| 10y yield DGS10 | LONG | +16bp · 5d +8bp | 67% | 40 | 0.31 | · |
| XLK XLK | SHORT | -0.7% · 5d -0.8% | 66% | 39 | 0.24 | ⚠ differs |
| High-yield credit HYG | SHORT | -0.0% · 5d -0.0% | 59% | 39 | 0.13 | · |
| SOL SOL | SHORT | -3.8% · 5d -7.6% | 57% | 38 | 0.10 | ⚠ differs |
| NDX NDX | SHORT | -0.8% · 5d -0.9% | 57% | 39 | 0.10 | ⚠ differs |
| Bitcoin BTC | LONG | +1.6% · 5d -2.9% ↺ fades | 55% | 38 | 0.07 | ✓ matches cascade |
| MSTR MSTR | LONG | +11.6% · 5d -1.3% ↺ fades | 52% | 39 | 0.04 | ✓ matches cascade |
| Volatility VIX | SHORT | -0.1% · 5d -3.0% | 52% | 39 | 0.04 | ✓ matches cascade |
| Gold XAU | SHORT | -0.6% · 5d -0.9% | 52% | 39 | 0.04 | · |
| ETH ETH | LONG | +2.6% · 5d -2.7% ↺ fades | 50% | 38 | 0.00 | ✓ matches cascade |
| SPX SPX | SHORT | -0.8% · 5d -0.4% | 46% | 40 | 0.00 | ⚠ differs |
| COIN COIN | LONG | +6.9% · 5d -0.1% ↺ fades | 48% | 38 | 0.00 | ✓ matches cascade |
| SMH SMH | LONG | +0.8% · 5d -0.5% ↺ fades | 50% | 39 | 0.00 | ✓ matches cascade |
| US dollar DXY | LONG | +0.3% · 5d +0.1% | 46% | 40 | 0.00 | · |