BOJ September Minutes: Members Agree Policy Rate Must Keep Rising

The unanimity matters more than the direction: a consensus on continued tightening removes the ambiguity markets often read into BOJ minutes, and the emphasis on moving toward target levels "as soon as possible" signals a bias toward pace rather than patience. This is a global duration and yen-funding story, not just a Japan one, since a higher Japanese policy rate alters the calculus for carry-driven flows across risk assets, crypto included. Whether the next meeting translates this language into action, and whether the 2% price-stability anchor holds as the rationale, is the open question worth watching.