#日本加息 #加密市场观察
The yen's sudden interest rate hike has put global markets on high alert! Just now, the Bank of Japan officially pressed the interest rate hike button. Although the move is 'restrained', its impact may far exceed expectations—a long-anticipated global liquidity shift is accelerating.
Data shows that Japan's interest rate was raised by 25 basis points this time, bringing the policy rate to 0.75%. More notably, the massive ¥9 trillion of yen arbitrage funds may begin to retreat—over the past years, these funds borrowed low-interest yen to invest in global assets. Now, as the US-Japan interest rate spread narrows, they are quietly shifting.
At the same time, Japan's fiscal policy is also ramping up: the short-term supplementary budget has reached 2.8% of nominal GDP, and there are long-term plans to increase defense spending to 3% of GDP. Coupled with consumption tax relief measures, this further elevates the potential risks in the Japanese bond market.
Liquidity contraction + debt pressure escalation, these two forces may continuously suppress global financial conditions. China Merchants Bank's research report warns that this will not only affect exchange rates and the bond market but may gradually transmit to the stock market, commodities, and other core assets.
A 'reversal of the money tide' driven by the yen seems to have quietly begun. Which market do you think will be affected first by this wave of impact? Will the global asset landscape usher in a new round of reshuffling? Feel free to leave your observations and judgments in the comments! Elon Musk concept Little 'Milk' 🐶, 'p●u●p●p●i●e●s'