Japan just hiked interest rates to their highest level in three decades as policymakers tackle stubborn inflation and a weakening yen. This move could reshape global liquidity flows—tighter monetary conditions in major economies typically reduce appetite for risk assets, including crypto. With the Bank of Japan shifting toward tightening, we might see capital rebalance from emerging markets and speculative positions. Keep an eye on how this ripples through the broader market. Currency weakness was a headwind for Japan's exporters, so the rate hike signals they're getting serious about defending the yen and controlling price pressures.