[Institution: Yen Intervention May Be Accompanied by Rate Hikes] According to a report by Jinse Finance on July 3, Aninda Mitra of BNY Mellon Investment Management stated that at some point this year, yen intervention measures might be accompanied by unexpected rate hikes. 'I believe the market is underestimating the probability of a rate hike occurring earlier than (for example) the December meeting, or the likelihood of more than one rate hike this year.' Several Bank of Japan officials have mentioned that core inflation may soon rise again, which seems to suggest that the Bank of Japan has some leeway to accelerate tightening measures on the grounds of inflation, allowing for a stronger response. This mispricing introduces the risk of a sudden and painful shift in the dynamics of USD/JPY. Ultimately, policy actions depend on how the Bank of Japan weighs their impact on the stock market, household balance sheets, and other factors. For now, corporate sentiment and consumer confidence appear to be in good shape.