Bank of Japan board member Yuko Nakagawa reiterated her stance on raising interest rates.

Bank of Japan Policy Board member Tanaka Shunako reiterated the bank's intention to further raise interest rates, while also pointing out that the impact of the US raising tariffs is a major concern. "With trade-related uncertainties and their impact on global markets continuing to exist, the central bank will make monetary policy decisions based on careful evaluation of available data and information," she said. She emphasized the importance of the upcoming Tankan survey results, which can assess the impact of recent months' progress in trade negotiations on Japanese business confidence. Due to concerns about the economic impact of US tariffs, the Bank of Japan has maintained its policy rate at 0.5% since its last rate hike in January. Economists expect that, given the trade agreement reached between the US and Japan, the Bank of Japan will soon tighten its monetary policy. The Bank of Japan Policy Board is scheduled to meet on September 18-19.