⚠️ATTENTION⚠️
THE CLOCK HAS STARTED TICKING: IS IT THE SILENCE BEFORE THE EXPLOSION?
🇯🇵The Bank of Japan made its decision clear. This (among other issues) is influencing the drop of #BTC
👉TODAY the Bank of Japan (BOJ) decided to maintain the interest rate at 0.75%, the highest level in 30 years.
👉The decision was unanimous... except for ONE member. Hajime Takata voted for the SECOND consecutive meeting to raise the rate to 1.0%. He lost 8-1.
👉But here comes the important part: in January he also lost 8-1. And the last time a member voted against repeatedly, the BOJ ended up raising.
🎯Governor Ueda (the Powell of Japan) was CLEAR in the press conference:
▪️"If our price forecasts materialize, we will raise the rate."
▪️"It is possible to raise the rate even during a temporary economic slowdown."
▪️"Companies are passing on costs more aggressively than after the war in Ukraine."
▪️"The movements of the yen may have MORE impact on prices than before."
🚨That is the most restrictive Ueda has sounded in a long time.
🚨In previous meetings, he only stated that "he would adjust policy according to the data."
🚨Now he claims that he MAY raise EVEN if the economy slows down. That is a huge change in tone.
WHAT DO MARKETS AND ANALYSTS THINK?
🔹According to a Bloomberg survey of 51 economists: 37% expect the increase to be in APRIL, 22% in June, and 29% in July. No one expects the BOJ to stay still until the end of the year.