#BOJRateHikesBackontheTable January 2026 | Macro & Global Markets Insight
Japan Ends the Era of Easy Money
2026 begins with a historic macro shift. The Bank of Japan is no longer the world’s last ultra-dovish central bank. After raising its policy rate to 0.75% in December 2025, BOJ officials have clearly reopened the door to additional rate hikes, signaling a long-term transition toward monetary normalization.
This is not a short-term adjustment it’s the dismantling of a decades-old framework that shaped global liquidity, currency markets, and risk-taking behavior.
Yen Dynamics & Domestic Ma