Former Chief Economist of the Bank of Japan: October interest rate stance is difficult to determine.

On September 5th, Jin10 reported that former chief economist of the Bank of Japan, Takahiro Sakane, stated that the market's speculation about the Bank of Japan possibly raising interest rates in October is underestimating the level of uncertainty brought about by Trump's tariff policy. He said, "What I want to say is that the uncertainty may be greater than market participants think. If I were still the chief economist of the Bank of Japan, and I had to determine the potential impact of tariffs before October, I would say no." Prior to Takahiro Sakane's remarks, signs of economic recovery prompted economists to list October as the most likely time for the Bank of Japan's next interest rate hike. This seasoned economist mentioned that he would not completely rule out the possibility of an interest rate hike, as a series of factors, including the Exchange Rate, would influence this decision. However, authorities find it difficult to assert that the economic risks will have fully subsided by that time.