Add a new line: The Bank of Japan needs to raise interest rates as soon as possible, and the market is betting on a 25 basis point rate hike next week

A member of the Monetary Policy Committee of the Bank of Japan stated that Japan is no longer in a deflationary state, and the central bank needs to address the issue of negative real interest rates as soon as possible and raise policy rates. If the potential inflation rate significantly exceeds 2%, the central bank needs to accelerate the pace of interest rate hikes. The market expects the Bank of Japan to raise interest rates by 25 basis points to 1.25% at next week's interest rate meeting. The Japanese yen has rebounded from a low of nearly 164 in July to around 153.5, hitting a six-month high. Japan's 10-year treasury bond bond yield broke 3%, hitting a new high in about 30 years.