BOJ’s Ueda Says Rate Hikes Will Continue as Inflation Risks Rise

Ueda's framing keeps the BOJ in a gradual tightening posture rather than signaling a pause, which matters for carry-driven flows and for yen-denominated risk assets. The explicit watchlist — Middle East, yen volatility, AI demand — suggests policy is now more conditional on external shocks than on domestic data alone. For crypto and RWA markets, the relevant channel is the yen as a funding currency and how rate differentials evolve. Whether Ueda's tightening bias survives the next round of global volatility is the open question.