Bank of Japan chief says consecutive rate hikes not ruled out

The significance is in the framing: the BoJ is signalling it would move ahead of inflation rather than react to it, which is a different reaction function than the one markets have priced for years. The cross-asset tape already reads that way, with the yen under pressure even as hike talk hardens, suggesting rate differentials still dominate. For crypto and RWA markets, the transmission runs through the yen carry trade and global liquidity rather than any direct channel. Whether the BoJ actually follows words with consecutive moves, and how the cited Middle East, AI and FX variables evolve, is the open question.