According to Jinshi Data on July 31, according to foreign media reports, based on the "leak" of Japanese media overnight, the Bank of Japan raised its short-term interest rate target to 0.25%. NHK, Nikkei and Jikai Shimbun all pointed out the possible interest rate hike by the Bank of Japan.

The bond purchase schedule for August and September was also announced as expected, with the amount of bond purchases reduced compared to the previous period. The Bank of Japan pointed out that the risk of inflation this year and next year is biased to the upside. This may be the reason for the Bank of Japan to take action. If this outlook proves to be correct, then the Bank of Japan may raise interest rates further.