According to CoinMeta, it is expected that the Bank of Japan will raise its benchmark interest rate to 1.25% in September. Japan's core consumer inflation accelerated in July, reaching 1.8%, in line with market expectations and higher than 1.6% in June. Although government subsidies have curbed the rise in energy prices, overall inflation is still on the rise, with a wholesale inflation rate of 7.2%. Analysts expect that core inflation will further increase in the coming months as raw material costs are passed on.