The latest released October meeting minutes from the Bank of Japan have sparked market attention—several members collectively issued inflation warnings🔥

The core information revealed in the meeting is quite straightforward: inflation expectations among businesses and households have already reached the critical 2% threshold, and upward price pressures should not be underestimated. One member even mentioned that achieving the inflation target by next spring is within reach, but the prerequisite is that wage growth must keep pace with price increases. This logic essentially means—if wages do not keep up, inflation expectations may struggle to stabilize.

A truly warning-worthy signal comes from this point: several members pointed out that yen depreciation is driving up import costs, which could lead to overshooting inflation. The implication is clear—weak yen has become a policy constraint for the Bank of Japan, and tightening pressures are quietly accumulating.

What does this mean for the crypto market? If the Bank of Japan shifts towards tightening policies to combat inflation, it will reshape the global liquidity landscape. Capital allocation logic will change, and market volatility windows may open accordingly. Especially risk assets like $FIL, $ZKC, are more susceptible to liquidity shifts.

It is recommended to closely monitor the central bank's actions next spring, as that could be a key policy turning point.