According to CoinMeta, analyst Eamonn Sheridan pointed out that this meeting of the Bank of Japan almost met all the expectations of the hawks, announcing that the core inflation rate had reached the 2% target, highlighting the risk of rising prices, raising inflation forecasts, and there was a vote in favor of raising interest rates, with no dissent from dovish members. This should help support the Japanese yen, drive up short-term yields on Japanese government bonds, and further solidify market bets on a rate hike in December. Currently, the market is pricing in a 80% probability of a rate hike in December. Oil prices are a key variable in these inflation forecasts. The Bank of Japan assumes that Dubai crude oil prices will fall from around $105 per barrel to $70. If the conflict with Iran leads to a continued rise in oil prices, it will further exacerbate the risk of inflation rising. The Bank of Japan's accelerated sale of ETF will bring a small additional supply to the Japanese stock market starting in 2027; however, given that a complete sale is expected to take 43 years, the annual impact remains limited.