Japan's central bank raised its benchmark rate by 25 basis points to 0.75%, aligning with market expectations. The decision signals a cautious approach to monetary tightening. Officials noted that real interest rates are poised to stay at elevated but still-accommodative levels, supporting asset valuations across multiple markets. Economic fundamentals show a mixed picture: growth has stabilized at moderate levels, though pockets of weakness persist. More notably, wage pressures and inflation readings are expected to climb gradually in the coming months. This backdrop matters for crypto investors watching global monetary conditions—tighter policy in developed economies typically reduces liquidity flows to risk assets. The combination of persistent inflation and measured rate hikes suggests central banks are threading a needle between controlling price pressures and avoiding economic slowdown.