The Bank of Japan is reportedly set to raise interest rates in September to address inflation risks.

According to informed sources, after raising interest rates in June, the Bank of Japan may consider another rate hike at its next policy meeting on September 17-18 to address the rising inflation risks. Influenced by the rapid growth in demand related to artificial intelligence, the significant depreciation of the yen, and rising oil prices, prices in Japan may continue to increase. Previously, many financial market participants had expected the Bank of Japan to raise interest rates about once every six months. However, according to the summary of meeting opinions released on Monday, some members of the policy board indicated during the latest policy meeting held on July 30-31 that the pace of rate increases should be accelerated. One member stated, "The speed of raising the policy rate may exceed market expectations," while another member emphasized that the Bank of Japan needs to "speed up the adjustment pace of monetary easing."