Japan has crossed a significant threshold after 13 years! The Bank of Japan states that, for the first time since 2013, core inflation has generally reached its 2% target. Interest rates were held steady at 1.25%, as expected. However, the BOJ’s message is clear: rate hikes can continue if conditions permit. Why does this matter? Japan has long been one of the epicenters of cheap money. Continued interest rate increases could shift global market dynamics—especially watch for new carry trade activities. This shift in Japan also impacts the crypto market.
