BOJ’s Ueda Says Rate Hikes Will Continue Based on Economy and Prices

The significance here is less the direction of BOJ policy than the explicit tolerance for overshooting: Ueda flags upside price risk while still calling conditions accommodative, implying the hiking path is data-dependent rather than pre-set. That matters for yen-funded carry trades and for crypto and other risk assets that have leaned on cheap yen liquidity. The open question is whether wage and services inflation actually validate that upside warning, since the pace of any further moves is what markets will reprice.