[DBS Bank Predicts Bank of Japan May Raise Interest Rates by 25 Basis Points in December] DBS Bank economist Ma Tieying stated that the Bank of Japan might raise its policy interest rate by 25 basis points this December. She pointed out that the Japanese Trade Union Confederation plans to set its wage negotiation target for 2026 during the period from November to December and has explicitly proposed a 5% wage growth target, consistent with this year. Additionally, she believes that if the Federal Reserve delays rate cuts at its December meeting, the Bank of Japan may seize this window to implement a rate hike policy, further advancing monetary policy adjustments. (UTC+8)