The Governor of the Bank of Japan, Ueda Kazuo, recently revealed a key signal: Japan's underlying inflation is steadily approaching the central bank's 2% target. What does this mean? If the economy and prices perform as expected, the Bank of Japan will continue to advance its rate hike process. It should be noted that the central bank has already raised interest rates to 0.75%, the highest level in nearly 30 years. For traders concerned with global liquidity, every adjustment in Japan's monetary policy can move the market. Signals of tightening monetary policy often influence the performance of risk assets, and the cryptocurrency market is no exception.