[Daiwa Securities: Bank of Japan May Believe Interest Rates Are Still Far from Neutral Levels] Jin10 News, June 16 – Kento Minami, an economist at Daiwa Securities, stated that the Bank of Japan may believe interest rates are still far from neutral levels, as the bank reiterated after Tuesday's rate hike that financial conditions remain accommodative. Minami said: 'Since the April meeting, the Bank of Japan's basic policy stance has remained largely unchanged.' However, he added that the Bank of Japan believes core consumer inflation may exceed its 2% price stability target, suggesting that if such risks intensify, the pace of rate hikes could accelerate. Investors generally expect that, under the baseline scenario, the Bank of Japan will raise rates approximately once every six months.