Makoto Sakurai, a former Bank of Japan official, has indicated that no further interest rate hikes are expected for the rest of 2024. This move aims to stabilize global markets and risk assets, following the BOJ's first rate hike in over a decade. The recent increase to 0.25% led to market instability, impacting Bitcoin and other assets. Sakurai suggests that while future hikes may be possible by March 2025, maintaining market stability is currently prioritized.