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The Bank of Japan will not raise interest rates next week,
but will look at economic and financial conditions for rate hikes,
and may raise rates again later this year or in early 2025 under certain conditions.
Officials at the Bank of Japan see little need to raise the benchmark rate when they meet next week,
because they are watching the continued volatility in financial markets and the impact of the July rate hike.
While officials are keeping a close eye on the market, the stance is that rates should be raised if the economy and inflation continue to meet expectations.
The recent market turmoil has not had a significant impact on the views of the July quarterly outlook report,
officials do not rule out another rate hike later this year or in early 2025, depending on economic and financial market conditions.
