#加密生态动态追踪 The two policy adjustments by the Bank of Japan in 2024 are worth noting. In mid-March, the Bank of Japan finally broke the deadlock of negative interest rates by raising the policy interest rate from -0.1% to the 0-0.1% range, and simultaneously announced the end of yield curve control — the first rate hike in 17 years. By the end of July, they further increased the rate to 0.25%, and plan to gradually reduce the purchase of Japanese government bonds over the next 1 to 2 years. These two moves send a clear signal: Japan is exiting its ultra-loose monetary policy era. For ETH and the entire crypto market, this could mean a subtle shift in capital flows — higher Japanese interest rates will reshape the global capital allocation logic.