The Bank of Japan could raise rates again at its September 17–18 meeting, according to sources cited by Jiji, following its June rate hike. Inflation risks are the main driver , with officials increasingly concerned that price pressures could remain elevated. Importantly, the Board said it is prepared to raise rates further if upside inflation risks materialize. She said another increase is "quite possible" and that a rate hike remains "front of mind," although policymakers decided to wait for more information before acting. Bottom line: The RBA remains firmly in a hold-or-hike stance.