According to CoinMeta, institutional analysis indicates that as the probability of a rate hike in Japan increases significantly in September, the market is closely monitoring the statements of Bank of Japan officials. Market pricing suggests that the current probability of a rate hike by the central bank in September is around 82%. Since the decision to raise rates in July 2024 was criticized, the Governor of the Bank of Japan has emphasized the need to strengthen communication with the market. Kento Minami, a senior economist at Wada Securities, stated that the central bank may not explicitly announce a rate hike in September, but rather hint at the necessity of such a move by highlighting the risks of rising inflation. The market might interpret this as an acknowledgment of a rate hike in September, but if the central bank emphasizes uncertainty, it could be seen as a signal to maintain current interest rates.