Bloomberg news agency reported on Wednesday that the Bank of Japan sees little cost in waiting for the next meeting to decide on raising interest rates, and that some policymakers do not oppose raising interest rates in December if it is proposed.
Furthermore, the news agency added that officials at the Bank of Japan view the upcoming decision to raise interest rates as a matter of when, not if, stating that it is "just a matter of time."
Last week, Bank of Japan board member Taisuke Nakamura stated that there is a possibility that inflation may fail to reach the Bank of Japan's target of 2% for the fiscal year 2025 and beyond, and that Japan's economy is recovering moderately, although it is showing some signs of weakness.
He also predicted that growth will record below-average levels due to the possibility that consumers will refrain from spending, and capital expenditure may be postponed.