After the rate hike in Japan, the Bank of Japan Governor's speech mainly covered the following points. Here's a quick, conversational, key-point summary in 1-2-3-4 format:

1. This rate hike is not a "shift to tightening," but a small step toward normalization. The Governor repeatedly emphasized that Japan has not entered an aggressive rate hike cycle. This move is more about shifting slightly from "extremely loose" to a normal state, not a full-scale tightening.

2. Whether to continue raising rates depends on data, not a preset path. He clearly stated that the Bank of Japan has no fixed rate hike schedule and won't follow a rhythm like the Federal Reserve. Everything depends on inflation, wages, and economic data holding up.

3. Whether wages and inflation can form a positive cycle is the key focus now. The concern is not short-term prices but whether companies can keep raising wages and whether inflation can stay near the target. If wages don't keep up, they won't tighten recklessly.

4. Financial market volatility will be closely monitored. The Governor specifically mentioned paying close attention to Japanese government bonds, exchange rates, and overall market reactions. They don't want the rate hike to cause shocks. The BOJ will remain "very cautious." This hike is more like a "test the waters" move, not a declaration of war—slow pace, soft attitude, leaving room for maneuver.