State Street Global Advisors indicated that the likelihood of the Bank of Japan (BOJ) raising interest rates in its next two policy meetings is increasing, pending clearer stabilization in global trade fluctuations. Economist Krishna Bhimavarapu noted in commentary that the BOJ maintained its current policy stance on Thursday, as widely expected, and is likely to continue gradual rate adjustments next year. He emphasized that Japan persistently faces a long-standing policy trilemma—balancing independent monetary policy, stable governance, and credible fiscal stimulus.