Recently, the Bank of Japan decided to raise interest rates by 15 basis points. This move led to short-term fluctuations in the USD to JPY exchange rate, which dropped 110 points from its previous level and is now stabilized at 151.81. Meanwhile, the Bank of Japan also adjusted its bond-buying program, reducing the monthly purchase scale to 3 trillion yen starting from the first quarter of 2026. Additionally, it plans to conduct two bond purchases each month during the August-September period, amounting to 7.5 billion yen for Japanese government bonds with maturities exceeding 25 years (previously 5-10 billion yen per purchase).