Core Topic: Japan Rate Hike (0.5% → 0.75%), This Is Just the Beginning

🔺 The Impossible Trinity: Japan Faces a Trilemma

Expand fiscal policy (boost the economy)
Stabilize exchange rates (prevent yen depreciation)
Lower government bond yields (reduce interest burden) → All three cannot be achieved simultaneously!

💡 Background Logic of the Rate Hike: Government expands fiscal policy → Large-scale borrowing → Sovereign credit affected → Government bond yields rise + sharp yen depreciation → United States dissatisfied → In order to stabilize the exchange rate, the Bank of Japan must raise rates