[Bank of Japan Board Members Believe Rate Hikes Have Limited Impact on Corporate Capital Expenditure] According to the minutes of the Bank of Japan's September meeting, policymakers likely believe there is still room for further rate hikes, supporting market expectations of a December rate increase. One policy board member noted that feedback from businesses indicates previous rate hikes and the potential for further increases have had limited impact on business operations, with almost no companies reducing capital expenditures due to rising borrowing costs. Another member stated that the recent stock market rally and yen weakening have actually further eased the financial environment for businesses. Against the backdrop of persistent inflation, many economists expect the Bank of Japan's final interest rate to exceed 1.75%.