The Bank of Japan has taken action, raising the benchmark interest rate from 0.5% directly to 0.75%, the highest since 1995. I initially thought this would cause a stir in the market, but surprisingly, the reaction has been quite calm.

It seems the market has already digested this rate hike in advance, fully priced in. So now, what truly draws attention is not the rate hike itself, but what other actions might follow.

Thinking about it, this rate increase wasn't actually that big, just a 0.25 percentage point adjustment. However, various social media outlets have exaggerated it as if the world is about to change dramatically, shouting all day that "the global financial landscape will shake." In reality, institutional investors and smart money have already reflected these expectations in the prices.

This time, Japan's move instead revealed an interesting phenomenon: the efficiency of market pricing is much faster than the speed of social media hype. The real risks are often hidden in corners that most people haven't even noticed.