On the previous day, Bank of Japan Executive Director: Kazuo Ueda's remarks appear to be confident about the inflation outlook

According to the financial news app Smart Finance, Tokiko Shimizu, former executive director of the Bank of Japan, stated that based on recent remarks by Bank of Japan Governor Haruhiko Kuroda, he appears to be more confident in the inflation outlook. Shimizu said, "The choice or use of words by him is somewhat surprising," "I think they had some good discussions on the next steps at the monetary policy meeting. Confidence is high - he must say it out loud." Last Friday, at a press conference after the interest rate decision, Kuroda was asked whether there could be a rate hike in July, even if the Bank of Japan plans to detail its quantitative tightening plan at the same meeting. The governor replied "of course," adding that it would depend on the data. She pointed out that Kuroda's use of such a phrase to express this certainty is somewhat unusual. Shimizu said, "At this stage, our data is slightly better, especially yesterday's service sector inflation data." "Therefore, this figure may give them more confidence to raise rates." She believes that a rate hike is possible this year. Shimizu said, "Of course, I don't know what was discussed at the meeting in June." "But if the governor has the opportunity to make such a clear statement, he needs to have more confidence in the board's discussions." Speculation about a rate hike in July has cooled, as the Bank of Japan previously stated that it would wait until the meeting to announce detailed plans to reduce bond purchases. Some Bank of Japan observers believe that starting quantitative tightening and raising rates at the same time may be too hasty. Nevertheless, Kuroda has repeatedly hinted at the risk of a rate hike next month. The central bank governor said on Tuesday that with bond purchases no longer a policy tool and separated from the decision on policy rates, if economic data allows, the rate is "very likely" to rise from the current 0% to 0.1%