[Japanese Government Advisory Panel Urges Bank of Japan to Proceed Cautiously with Rate Hikes] Jin10 Data, May 11 – A key advisory panel to the Japanese government has urged the Bank of Japan to consider the risk of deteriorating corporate financing conditions when formulating monetary policy, indicating that Governor Kazuo Ueda may face some resistance if he pushes for rate hikes next month. Materials submitted by private-sector members of the government's Council on Economic and Fiscal Policy during Monday's meeting stated: 'We expect the Bank of Japan to comprehensively consider the financing conditions in financial markets and continuously monitor price trends when formulating appropriate monetary policy.' The panel also pointed out that shortages of goods and rising prices may increase corporate financing demand, and therefore the central bank should remain vigilant about this.