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Bearish news landing unexpectedly sparks celebration—why did global risk assets surge collectively after the Bank of Japan's rate hike?

December 19th, a number shocked the market: the Bank of Japan raised interest rates to 0.75%, the highest in 30 years. Normally, a tightening signal should scare investors, but the reality was the opposite—The Nikkei soared, and global markets from stocks to digital assets also went into a frenzy. What's really going on?

📊 Why rate hikes became good news

First, this rate hike was already digested by the market. Investors had been waiting for this moment; once the rate hike was confirmed, the uncertainty hanging over their heads disappeared. With the mental burden lifted, risk appetite naturally increased.

More importantly, the numbers matter. 0.75% sounds high, but compared to over 3% inflation, the real interest rate is still negative. In other words, the flood of liquidity is still flowing. The central bank hasn't truly started tightening; it is merely confirming the path of economic recovery.

The third logical point is very hardcore: Rate hike = the end of Japan's 30-year deflation dream. Wages are rising, prices are rising, but this time it's a healthy cycle, meaning this once "lost decade" country is finally getting back on its feet. The economic fundamentals are stable, and the heart of global liquidity beats even stronger.

💰 Who is benefiting from this wave of dividends

Banks, consumer companies, and tech firms within Japan are directly benefiting. The yen is gradually appreciating, but the carry trade (borrowing low-interest yen to buy high-yield assets) can still continue without suddenly collapsing.

For the global market, this is a reassurance— including cryptocurrencies. A healthy Japanese economy means continuous liquidity support, whether for traditional risk assets or digital currencies. Even market sentiment hotspots (like trending coins) are enjoying the benefits as overall risk appetite recovers.

🎯 Key understanding

This rate hike is not the prelude to tightening but a health check confirming the patient's recovery. The market's celebration is not just about the rate increase itself but the end of uncertainty and the fact that the outcome exceeded expectations. From this perspective, it is perfectly normal for global asset prices to surge.