Bank of Japan releases new signals on interest rate policy: neutral interest rate adjustment on the way

【Chain Wen】Japan’s central bank governor Haruhiko Kuroda recently stated that they are prepared to gradually adjust the estimated level of the neutral interest rate when conditions allow. However, the market should not hold unrealistic expectations, waiting for the central bank to soon announce a narrower range and a more clearly defined interest rate center.

The implications behind these remarks are worth pondering. On one hand, the central bank has not closed the door to policy adjustments, signaling a mild policy flexibility; on the other hand, the central bank explicitly stated that this process will not happen overnight and will require more time and data support. For the crypto market, which closely monitors global liquidity patterns, such subtle shifts in monetary policy expectations often influence the medium-term trend of risk assets.