[Japan Economic Strategy Advisor: Bank of Japan Unlikely to Raise Interest Rates Before March] Kataoka Goushi, a member of Japanese Prime Minister Sanae Takaichi's economic growth strategy advisory group, stated that the Bank of Japan is unlikely to raise interest rates before March next year, as authorities need to confirm whether large-scale additional fiscal spending effectively boosts domestic demand. Kataoka Goushi, a former member of the Bank of Japan's policy board, supports fiscal and monetary easing policies. He believes that if the economic stimulus measures are effectively implemented, domestic demand may expand in the first quarter of next year, potentially creating conditions for a rate hike in March. Although most economists expect the Bank of Japan to raise interest rates in January, Kataoka's perspective suggests that the timing of the rate hike may be delayed.