According to people familiar with the matter, after raising interest rates in June, the Bank of Japan may consider raising interest rates again at the next policy meeting from September 17 to 18 to deal with the rising risk of inflation. Prices in Japan are likely to rise further due to the rapid growth in demand related to artificial intelligence, the sharp depreciation of the yen, and the rise in crude oil prices. Previously, many financial market participants once expected the Bank of Japan to raise interest rates approximately every six months. However, according to a summary of meeting opinions released on Monday, at the Bank of Japan's latest policy formulation meeting held from July 30 to 31, some policy committee members have indicated that the pace of interest rate hikes should be accelerated. One member said that “the rate of increase in policy interest rates may exceed market expectations,” while another said that the Bank of Japan needs to “speed up the pace of adjustment to the degree of monetary easing.”

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