ChainCatcher news, JPMorgan economist Ayako Fujita said in a report that the Bank of Japan may raise its policy rate by 15 basis points to 0.25% at its meeting next week.

Fujita said: "The Bank of Japan has long hinted that it will adopt a rate hike policy in response to rising confidence. We believe that the recent increase in wage growth momentum and signs of consumption recovery since this spring will meet these conditions." She said that at next week's meeting, the Bank of Japan is also expected to announce the path of future purchases of Japanese government bonds. The current core view of the market is that the scale of monthly purchases of Japanese government bonds will drop from 6 trillion yen to 3 trillion yen in about two years.