According to CoinMeta, the Bank of Japan is expected to announce at its policy meeting on Friday that its nearly 14-year effort to achieve a 2% inflation target has been successful, while also emphasizing the risk of price overshooting, suggesting that a rate hike could occur as early as December. However, analysts say that the Bank of Japan may avoid giving clear hints regarding the timing and pace of future rate hikes, as it needs to balance preventing inflation from overshooting with avoiding disrupting the already tense market by raising rates too soon. Sources familiar with the matter indicate that in the quarterly report to be released after the meeting, the Bank of Japan may slightly raise its forecast for prices in the next fiscal year and suggest that potential inflation has roughly reached the 2% target. Naomi Muguruma, the chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities, stated that this is a historic moment for the Bank of Japan, but it now faces a more challenging task, as it not only needs to accelerate economic growth but also needs to curb inflation. The Bank of Japan may examine upcoming data and market trends to decide whether to raise rates in December or wait until January.