Japanese media: It is reported that the Bank of Japan will raise interest rates in September to deal with inflation risks

On August 11, according to sources familiar with the matter, the Japan News Agency quoted by Jiji News Agency that after raising interest rates in June, the Bank of Japan may consider raising interest rates again at its next policy meeting from September 17 to 18 to cope with rising inflation risks. Affected by rapid growth in artificial intelligence-related demand, a sharp depreciation of the yen and rising crude oil prices, Japanese prices may rise further. Previously, many financial market participants had expected the Bank of Japan to raise interest rates about every six months. However, according to a summary of the meeting's opinions released on Monday, at the Bank of Japan's latest policy-setting meeting held from July 30 to 31, some policy committee members have said that the pace of raising interest rates should be accelerated. One member said that "the rate of increase in policy rates may exceed market expectations," while another said the Bank of Japan needed to "accelerate the pace of adjustment in monetary easing." (Jin Shi)