Combined with the July meeting's signal that future discussions will centre on upside price risks, the market is likely to keep pricing a meaningful probability of a hike at the next meeting. ---Earlier:Bank of Japan minutes show the board was already worried about broadening inflation risk at the very meeting it delivered a rate hike, setting up September as a live decision. The Policy Board voted 7-1 to lift the policy rate by 0.25 percentage points to around 1.0%, with Asada Toichiro the sole dissenter on the view that downside risks to production and employment outweighed upside price risks. The minutes show a few board members expected consumer inflation to receive a significant boost in the second half of the current fiscal year as firms move ahead with plans to raise prices across a wide range of goods. Notably, the minutes reveal that two board members pushed for an even faster pace of rate increases, arguing for bringing the policy rate closer to levels considered neutral for the economy sooner rather than later.