According to Odaily, the Bank of Japan is set to hold a monetary policy meeting on the 30th and 31st of this month. The central bank believes that the inflation rate is progressing towards the 2% target, accompanied by wage increases. During the meeting, they will discuss the possibility of further interest rate hikes. The government, which prioritizes correcting the depreciation of the yen, is exerting significant pressure for a rate increase. However, concerns about personal consumption, a crucial economic indicator, remain. The central bank will make a cautious decision based on the potential economic impact.