Shoki Omori, the chief strategist at Resona Securities in Tokyo, said that the Japanese government and central bank need to work together to take some major measures to suppress the weak yen. With the USD/JPY approaching a level not seen in 38 years, the expectation of interest rate hikes, especially in the bond market, has become unstoppable. The Bank of Japan needs to enhance the market's hawkish expectations in order to curb the yen's weakness, through unexpected interest rate hikes of 50 basis points and a change in the attitude of denying continuous interest rate hikes.