According to data released by Japan's Ministry of Internal Affairs and Communications on August 21, after excluding fresh food, Japan's core consumer price index CPI for July was 102.1, up 1.8% year on year, further expanding from the 1.6% increase in June. So far, Japan's core CPI has been rising year on year for 59 consecutive months. Ken Koshimizu, co-head of Mizuho's global marketing department, said a few days ago that the Bank of Japan may raise interest rates again in September as soon as possible, and may increase the frequency of policy adjustments from about once every six months to once every three months. Koshimizu said that the weak yen and inflationary pressure are driving the Bank of Japan to accelerate action. It is not ruled out to raise interest rates twice before the end of this year, raising the policy interest rate to 1.5%.

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