According to Odaily, economist Yusuke Matsuo from Mizuho Securities has pointed out that insights from the Bank of Japan’s recent meeting suggest that the state of the U.S. economy may significantly influence the Bank’s decision-making regarding future interest rate hikes. The meeting summary expresses apprehension about the speed of the Federal Reserve’s rate reductions and their potential effects on Japan. One member of the Bank of Japan’s Policy Board noted that it would require time to evaluate how U.S. policy shifts will impact the market. Matsuo predicts that the Bank of Japan may raise interest rates to 0.5% in December or later, subsequently maintaining that rate for a while.