The Central Bank of Japan, Eagles Trust, was tortured, and the market was betted for the next round of interest rates in October

On 30 July, the continued devaluation of the yen is forcing the Central Bank of Japan to face increasing policy pressure. Investors warned that if the Central Bank of Japan did not accelerate the rate hike to contain inflationary pressures, its credibility in financial markets might be weakened. The market generally predicted that the Central Bank of Japan would maintain interest rates at the policy meeting on Friday. However, investors are more concerned about whether the Governor will send a signal to accelerate monetary policy tightening in the future. Last month, the Central Bank of Japan increased policy interest rates by 25 basis points to 1 per cent, another step in the cycle of sustained interest-rate hikes in recent years. However, the derivatives market shows that traders are currently betting only on 25 additional basis points by January next year. At the same time, national debt and the yen have been under pressure since this year. Government plans to expand fiscal spending have heightened market concerns about the size of Japan ' s debt and long-term inflation, further increasing the pressure on the Bank of Japan to adjust its policy. This month, the exchange rate of the yen against the United States dollar broke the 163 yen threshold for the first time since 1986. Despite repeated warnings by the Government of Japan about possible intervention in the foreign exchange market, the trend towards a weak yen has not been significantly reversed. Japan ' s 10-year national debt return also rose to its highest level in the century, close to 3 per cent。