[Institution: As the Probability of a Rate Hike in Japan in September Surges, the Market Closely Monitors Officials' Remarks] BlockBeats News, August 24 – Japanese central bank officials will soon have multiple opportunities to confirm or temper the market's increasingly aggressive bets on a rate hike in September. Market pricing currently suggests an approximately 82% probability of a rate hike by the central bank in September. Since the rate hike decision in July 2024 faced intense criticism, the Governor of the Bank of Japan has consistently emphasized the need to strengthen communication with the market. The yen is another key factor prompting the Bank of Japan to signal its policy intentions. Daiwa Securities senior economist Kento Minami stated: 'The Bank of Japan may not explicitly indicate that the next rate hike will occur in September. Instead, officials might hint at the necessity of an earlier rate hike by emphasizing the risks of rising inflation. The market would interpret this as an acknowledgment of a September rate hike.' However, if the Bank of Japan repeatedly stresses uncertainty, the need to further observe data, or the necessity to assess the impact of previous rate hikes, the market may interpret this as a signal that rates will remain unchanged in September. (Jin10)