创26年新高，日本全面溃败，加息救不了日元？高市还要继续赌国运

Group 1 - The Bank of Japan raised interest rates by 25 basis points to combat the depreciation of the yen and rising domestic inflation, despite opposition [2][4] - Following the rate hike, the yen depreciated significantly, falling below 155 against the US dollar, which raises questions about the effectiveness of the rate increase [2][5] - The depreciation of the yen has led to a 50% decline over three years, increasing the cost of imported energy and raw materials, thereby contributing to imported inflation that affects Japan's manufacturing sector [5][7] Group 2 - The low interest rates in Japan have historically made the yen a cheap financing currency, allowing global financial institutions to borrow yen at zero cost and invest in higher-yielding assets [7][9] - The recent interest rate hike has increased borrowing costs, leading to a rapid sell-off of yen-denominated assets as investors rush to repay their loans, resulting in further depreciation of the yen [7][10] - The Japanese government faces a significant debt burden, with debt exceeding 260% of GDP, and the rate hike increases the interest burden on the government, complicating fiscal management [10][12] Group 3 - The global financial landscape is undergoing a transformation as the Bank of Japan's actions disrupt the previous liquidity framework that relied on both the Federal Reserve and the Bank of Japan [14][16] - The volatility in the US Treasury market has increased as the flow of liquidity from Japan diminishes, leading to a surge in demand for safe-haven assets like gold, which has reached historical highs [14][16] - The current geopolitical dynamics, particularly with China, pose additional challenges for Japan's economic strategy under the leadership of Prime Minister Fumio Kishida, suggesting a potential failure in his approach [16]