#DanielNadem

A former BOJ board member signaling a move toward ~1.0% rates by June–July, with a longer-term neutral level near ~1.75%, is a meaningful shift after decades of ultra-easy policy. Japan exiting negative-rate psychology changes global liquidity dynamics, not just domestic conditions. Higher JPY yields can pull capital back home, affect carry trades, and subtly tighten global risk appetite. This isn’t a headline trade — it’s a slow macro turn that markets often price late. When Japan moves, it usually matters more than people expect.