According to CoinMeta, Japan's core consumer price index ( CPI ) is expected to reach its highest level in six months, and market expectations for the Bank of Japan ( BoJ ) to raise interest rates in September have risen to around 80%, a significant increase from 65% at the beginning of August. With media reports supporting earlier policy tightening measures, the market's focus has shifted to the pace of subsequent interest rate hikes, rather than just whether a hike will occur in September. Analysts expect that policy interest rates will reach 1.25% in September. Japan's inflation trend is continuing to strengthen, increasing the likelihood of an interest rate hike ( BoJ ) in September.