BoJ to consider raising interest rates in September – Jiji Press
According to the Jiji Press, the Bank of Japan (BoJ) may consider an additional interest rate increase at its next policy meeting on September 17-18, after leaving them unchanged in July, to counter upside inflation risks.
The report from Jiji Press also stated that prices in Japan may rise further, reflecting rapidly growing demand related to artificial intelligence and the yen's sharp depreciation, as well as higher crude oil prices. Many financial market participants had expected the BOJ to raise interest rates about every six months.
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