Former Bank of Japan official Tsutomu Watanabe said that the speed of interest rate hikes by the Bank of Japan may be faster than many people currently expect, and the Bank of Japan should make greater efforts to communicate these measures better to ensure that the market does not panic. He said, "There may be two more rate hikes this year." Despite the lack of a strong trend in prices, the Bank of Japan's key judgment that inflation is "on track" implies that the central bank can basically take action at any time.