At the end of 2025, the Reserve Bank of Australia maintained interest rates to end easing, and the Bank of Japan decided to raise interest rates to 0.75% and start tightening. Inflation is the common core trigger, but Australia is waiting to see the data, while Japan has taken the initiative to tighten despite political resistance. Both are trapped in the dilemma of uncertainty in policy paths, indicating that Asia-Pacific monetary policy will enter a complex stage of differentiation and linkage in 2026.