According to Jinshi, Shoki Omori, chief strategist at Mizuho Securities in Tokyo, said that the Japanese government and the central bank need to cooperate to take some major measures to curb the weakness of the yen. As the USD/JPY is approaching a level not seen in 38 years, expectations of interest rate hikes, especially in the bond market, have become unstoppable. Omori suggested that it is necessary for the Bank of Japan to strengthen the market's hawkish expectations by taking measures such as an unexpected 50 basis point rate hike and changing its attitude of denying consecutive rate hikes to curb the weakness of the yen.