Institution: The Bank of Japan is more likely to raise interest rates in the next two meetings.

Daiwa Investment Management continues to believe that once the assessment of global trade-related volatility becomes clearer, the likelihood of the Bank of Japan raising interest rates at its next two policy meetings will increase. Economist Krishna Bhimavarapu stated in a commentary that the Bank of Japan maintained its current stance on Thursday, in line with widespread expectations, and may gradually adjust interest rates next year. He said that Japan is still constrained by the persistent policy trilemma of achieving a balance between independent monetary policy, stable governance, and credible fiscal stimulus.