BoJ May Hike Interest Rates Again in September Amid Inflation Concerns

The Bank of Japan (BoJ) may consider raising interest rates again at its upcoming policy meeting on September 17 and 18, according to sources cited by Jiji. This potential move would follow the central bank's rate increase in June.

The sources pointed to rising risks of higher inflation as the key factor behind the possible additional tightening.

This latest report adds to a build-up of signals pointing toward increased odds of a September move, including a hawkish Summary of Opinions from the BoJ's July policy meeting and recent joint intervention conducted alongside the United States to support the yen.