Across Asia-Pacific markets on a September morning, capital moved with quiet urgency — away from energy, toward technology, and into the shadow of central bank decisions that are slowly rewriting the rules of money. The Bank of Japan's rate hike, a signal of institutional confidence as much as restraint, sent the yen lower and bond prices with it, reminding markets that the long era of cheap borrowing is not a permanent condition. What unfolded was less a crisis than a recalibration — the slow, sometimes disorienting work of markets learning to live in a different world.