69% of economists expect BOJ to raise key rate to 1.5% in Q4

The jump in expectations signals that BOJ tightening is being repriced as a base case rather than a tail risk, a shift that matters well beyond Japan because yen funding underpins carry trades across global markets, including crypto's leveraged positions. The direct read-through for RWA and digital-asset markets is through liquidity and the yen, not through any BOJ action on tokens themselves. Whether the survey consensus hardens further, and whether the BOJ validates it, is the open question.