According to CoinMeta, former Bank of Japan official Makoto Ando stated that the Bank of Japan is likely to raise interest rates next month, which would confirm the widespread predictions in the market. He pointed out that the Bank of Japan is essentially in a dilemma, and the market has already fully priced in an interest rate hike. If the central bank does not raise rates, the yen may weaken significantly again. US Treasury Secretary Janet Yellen previously noted that policy action is needed after implementing foreign exchange interventions and expressed hope that Bank of Japan Governor Haruhiko Kuroda would raise interest rates. Makoto Ando believes that inflation in Japan is strong, and expects the Bank of Japan to raise rates again in January next year, with the interest rate hike cycle possibly lasting for some time, even exceeding the previously anticipated levels of 1.25% or 1.5%.