September Bank of Japan minutes show policy board increasingly concerned about inflation risks, a factor that may strengthen market bets on another rate hike before year-end. Several board members said consumer inflation is increasingly likely to accelerate from early autumn; cost pressures are passing through to consumer goods, and more food and beverage items are scheduled for price rises this year than usual. The BOJ raised its policy rate to 1.25% at the meeting. OIS markets price roughly an

September Bank of Japan minutes show policy board increasingly concerned about inflation risks, a factor that may strengthen market bets on another rate hike before year-end. Several board members said consumer inflation is increasingly likely to accelerate from early autumn; cost pressures are passing through to consumer goods, and more food and beverage items are scheduled for price rises this year than usual. The BOJ raised its policy rate to 1.25% at the meeting. OIS markets price roughly an 80% probability of a December hike.