Bank of Japan meeting minutes strengthen interest rate hike stance, market expects another rate hike before the end of the year. According to Jinkoku Data on June 24th, the Bank of Japan sent a signal in last week's board meeting minutes that it is necessary to further raise the benchmark interest rate. At last week's meeting, the Bank of Japan raised its policy interest rate to the highest level since 1995. According to the meeting minutes released on Wednesday, a member of the board of directors stated: "Given that the core CPI inflation rate is close to 2% and the financial environment is relatively loose, in response to the current economic, inflation, and financial conditions, the central bank should continue to raise policy interest rates. ”The Bank of Japan implemented its first interest rate hike since December last week and made it clear that it will continue to raise interest rates in the future, but the minutes of this meeting did not provide clear guidance on the timing of the next rate hike. However, the minutes still strengthen the market's expectation of another interest rate hike before the end of the year. The day after the meeting ended, a survey of economists showed that about 90% of respondents expected to raise interest rates again before December, with over one-third expecting October to be the next adjustment window. Economists currently predict that the interest rate for this round of rate hikes will reach 1.75%, higher than the 1.5% predicted in a survey earlier this month.