3) On December 18, the market widely expects that the Bank of Japan will raise the overnight lending rate by 25 basis points to 0.75% at the policy meeting ending this Friday, marking the first rate hike since January this year, and the benchmark rate will also rise to its highest level since 1995. Analysts believe that if the central bank releases a more hawkish signal, it may help stabilize the yen, but it could also push up bond yields, putting pressure on the Japanese government, which is preparing the budget for the next fiscal year.
