BOJ’s Takata dissented, proposed raising short-term rate target to 1.5%

A lone dissent calling for a faster move to neutral is less about the immediate rate path than about how contested the BOJ's internal debate has become. For crypto and RWA markets, which have leaned on yen-funded liquidity and low-rate carry, the signal is that policy normalization is being argued in more urgent terms inside the board itself, not just by outside critics. The open question is whether Takata's view stays isolated or draws other members, since that would shift the tone rather than the level.