BOJ Deputy Governor Himino: Strong AI Demand Lifting Capex and Exports

Himino's remarks matter less as a data point than as a signal that the BOJ's AI-demand narrative is now being used to justify the case for policy normalization, with the deputy governor explicitly flagging the cost of waiting. That framing touches the yen carry trade and global bond markets, since a BOJ moving sooner than expected would tighten the world's cheapest funding source. For crypto and RWA markets, the transmission runs through liquidity and risk appetite rather than anything AI-specific. The open question is whether the inflation convergence Himino describes holds up enough to turn his warning into an actual policy shift.