According to the source, the Bank of Japan is likely to raise interest rates in September

On August 14, according to three sources quoted by external sources as knowledgeable about the Bank’s policy thinking, the Bank of Japan is likely to increase interest rates most soon in September, and is considering a more radical way to raise interest rates thereafter than the current rate of about twice a year. This initiative will reflect the Bank’s growing concern about price pressures caused by multiple factors, including the impact of the Middle East conflict, the strong global demand for artificial intelligence, and the continuing weakening of the yen despite the rare joint Japanese-United States intervention market last month. One of the sources said: “The advance interest rate has entered the horizon.” This means that the Central Bank of Japan is likely to increase interest at the next policy meeting, to be held from 17 to 18 September. According to the source, “the Central Bank of Japan may also speed up the rate of interest”. Another source expressed similar views. Kim Xian