Core Viewpoint - The uncertainty in Japan's fiscal outlook and weak economic data may lead the Bank of Japan to postpone its next interest rate hike from October to January next year [1] Group 1: Economic Outlook - Marcel Thieliant, head of Asia-Pacific at Capital Economics, indicates that the recent election of Fumio Kishida as the leader of the Liberal Democratic Party and the exit of Komeito from the ruling coalition necessitates Kishida to seek support from other parties [1] - The opposition now has more leverage to push for high-cost measures, such as tax cuts equivalent to 2.8% of GDP [1] - Weak manufacturing profits may limit wage growth next year, while a significant decline in the Bank of Japan's consumption activity index shows that rising food prices are dragging down household spending [1] Group 2: Monetary Policy - Recent comments from Bank of Japan officials suggest that they are not in a hurry to tighten monetary policy and are assessing the overall impact of U.S. tariff measures [1] - The potential delay in interest rate hikes may keep the yen weak for an extended period, which could support the Tokyo Stock Exchange index [1]