突然，跳水！刚刚，日本两大重磅来袭！

Group 1 - The Bank of Japan raised the benchmark interest rate from 0.5% to 0.75%, marking a 30-year high and the first rate hike in 11 months since January 2025 [1][4] - The Japanese government plans to increase income tax rates by 1 percentage point for all income brackets starting January 2027, with the additional revenue aimed at meeting defense needs [1][4] - The market had already priced in the interest rate hike, and the Bank of Japan's decision was made with a unanimous 9-0 vote [2][4] Group 2 - Analysts predict that the terminal interest rate for the Bank of Japan may be around 1%-1.5%, with potential rate hikes in 2026 [4] - The Japanese Finance Minister indicated that the next fiscal year's budget will consider fiscal sustainability, aiming to reduce the debt-to-GDP ratio to boost market confidence [4] - The anticipated tax changes are expected to result in a revenue decrease of 650 billion yen, higher than the previous estimate of 400 billion yen [4] Group 3 - The liquidity impact from the interest rate hike is expected to be less severe than in the past due to the closure of active "carry trade" positions [6] - Concerns about the "AI bubble" in the U.S. stock market may amplify the effects of Japan's rate hike on global liquidity [6][7] - Despite potential liquidity shocks, the long-term trend of global monetary easing is expected to continue, with a favorable outlook for A-shares and strategic positioning in gold [7]