[Institution: The Bank of Japan is likely to continue gradual rate hikes every six months to a year] According to a report by Jinse Finance on June 16, SMBC Tokyo Forex Chief Strategist Hirofumi Suzuki stated that the occurrence of a dissenting vote was indeed somewhat unexpected. However, since the dissenting vote came from board member Toyoichiro Asada, who is known for his long-standing dovish stance, it did not have a significant impact on the forex market. Overall, the market's prior focus was on whether a 50-basis-point rate hike proposal would be introduced, but such a proposal ultimately did not materialize. As for the future path of rate hikes, this is favorable for risk asset prices, as it indicates that the central bank is likely to avoid substantial rate hikes. The Bank of Japan is likely to continue gradual rate hikes every six months to a year. If there is any notable difference, it would be that in the event of accelerating inflation or further weakening of the yen, the timing of the next rate hike could potentially be moved forward.