Golden Finance reported that a document submitted by Bank of Japan Governor Kazuo Ueda to a government panel showed that the central bank will continue to raise interest rates if the economy and price performance are in line with expectations. Kazuo Ueda submitted documents on Tuesday explaining the BOJ's July policy decision to the government's economic and fiscal policy panel. The group is chaired by Prime Minister Fumio Kishida. The yen strengthened slightly to around 146.20 against the dollar following the news that Kazuo Ueda maintained his stance on raising interest rates. Kazuo Ueda believes economic conditions will remain accommodative even after a rate hike in July, as real interest rates remain significantly negative, the document said. The document also noted that the central bank adjusted its easing level in July as economic and price trends were in line with the central bank's forecast outlook and there were upside risks to prices. Pimco Japan's unit expects the Bank of Japan to raise interest rates again as early as January next year.