The Bank of Japan may raise interest rates in January next year, with limited impact from political factors

Former Bank of Japan official Hideharu Maeda pointed out that the most likely time for the Bank of Japan to raise interest rates next would be in January of next year, a decision that will take into account multiple key economic and political factors. Despite the political influence of new Prime Minister Fumio Kishida, Maeda believes that the Bank of Japan's policy decisions will still be based on economic indicators. He emphasized that the independence of the central bank enables it to respond based on economic data rather than political pressure.