日本央行再有高层放风：目前加息环境较4月更加成熟

Core Viewpoint - The Bank of Japan (BOJ) is considering further interest rate hikes if economic and inflation conditions meet expectations, as indicated by BOJ policy committee member Nakagawa Junko [1][2]. Group 1: Economic Conditions - Nakagawa stated that the current economic environment is more favorable for interest rate hikes compared to April [1]. - The market's expectation for a rate hike has risen to approximately 60% by the end of October, up from 40% in early August [1][2]. Group 2: Inflation and Monetary Policy - Japan's core consumer price index reached 3.3% in June, exceeding the BOJ's 2% target for over three years, prompting calls for a shift to a more hawkish policy stance [2]. - Nakagawa emphasized that the BOJ will continue to support the economy through current monetary easing until there is more certainty regarding inflation and economic performance [1][3]. Group 3: Labor Market Dynamics - The strong labor market is seen as a key reason supporting the case for interest rate hikes, with wage growth expanding from large enterprises to small and medium-sized businesses [4]. - Nakagawa noted that companies are increasingly inclined to raise wages and prices, reflecting expectations of continued labor market tightness [5].