Notice: The Governor of the Bank of Japan will explain the future interest rate path today at 2:30 PM

The Governor of the Bank of Japan, Kazuo Ueda, will hold a press conference at around 3:30 PM local time (2:30 PM Beijing time) to further elaborate on the considerations behind this decision and the future path of interest rates. The market generally expects that the Bank of Japan will continue to adopt a gradual, predictable, and data-dependent approach to interest rate hikes, rather than a drastic tightening.

In addition, after the announcement of this interest rate hike decision, the yen appreciated against the dollar in the short term but then fell back, dropping below the 156 mark during the session, with a daily decline of 0.3%. Market reactions indicate that this interest rate hike has been fully absorbed by investors, which also confirms the central bank's judgment—that the current adjustment in interest rates is still insufficient to change the accommodative stance, and is more like a part of "gradual normalization."