According to CoinMeta, Sumitomo Securities expects Japan's economic growth to be weak in the third quarter, but this is unlikely to prevent the Bank of Japan from raising interest rates. Economists surveyed by data provider Quick estimate that Japan's real GDP (to be announced next Monday) in the third quarter may grow by 0.1% compared to the previous quarter. An economist from Sumitomo Securities, Kento Minami, stated that the third-quarter data is unlikely to provide the Bank of Japan with a direct reason to hesitate further in raising interest rates, as Japan's modest economic recovery trend seems to continue. However, relatively weak personal consumption may curb companies' ability to pass on higher costs. A key point that the Bank of Japan may need to verify when deciding on future interest rate hikes will be whether the economic environment still supports companies in continuing to pass on price increases to consumers.