[UBS Expects Bank of Japan to Raise Interest Rates in the Coming Months] UBS Chief Japan Economist stated that the Bank of Japan is highly likely to raise interest rates in the next few months, with a forecasted 25 basis point hike in January, and a possible rate hike in December as well. Currently, Japan's real interest rate is negative, the financial environment remains loose, and inflation dynamics support reducing easing policies. Long-term inflation expectations may rise to 2.0%. Additionally, the government may push for fiscal expansion, further increasing inflationary pressure.