Institution: If missed in October, the Bank of Japan's last rate hike window may be in January next year.

Jinse Finance reported that Ko Nakayama, an economist at Okasan Securities, stated that if the Bank of Japan fails to raise interest rates at its October meeting, the last opportunity for a rate hike will be in January next year. He pointed out that December coincides with the period for compiling the supplementary budget, making it difficult for the Bank of Japan to tighten monetary policy at that time. "If the central bank misses the opportunity again in January, the decision to raise interest rates will have to be based on the results of next spring's labor-management negotiations (Shunto)," said Ko Nakayama. However, he added that due to the limited payment capacity of small and medium-sized enterprises, next year's wage increases may be lower than this year, and "the momentum for a virtuous cycle between wages and prices is expected to weaken significantly compared to this year." (Golden Ten Data)