A former Bank of Japan executive just dropped some hawkish signals worth paying attention to. Hayakawa's latest take? Japan might push through four rate hikes by 2027, potentially driving policy rates toward the 1.5% territory.

What makes this interesting is Governor Ueda's messaging. He's basically telegraphing that the tightening cycle isn't a one-and-done situation. Once they move next, expect more to follow.

For anyone tracking macro, this matters. Japan's been in ultra-loose mode forever. A sustained hiking cycle would mark a serious regime shift - and that ripples through global liquidity conditions.