The "Summary of Opinions" from the Bank of Japan (BOJ)'s Monetary Policy Meeting on July 30-31, released on August 10, revealed intense early calls for interest rate hikes within the committee, including strong statements such as "the pace needs to be accelerated" and "it is imperative to clearly communicate to the market the intention to guard against upside risks to prices." Previously, Bank of Japan (BOJ) Governor Kazuo Ueda had already sent strong signals for a September rate hike at a press conference on July 31, which led to the first joint currency market intervention by Japan and the United States on that day. U.S. Treasury Secretary Besant publicly stated on August 4 that the U.S. participation in the intervention was "very optimistic about the direction of Japan's policy," further strengthening market expectations for a Bank of Japan (BOJ) rate hike in September. Market pricing currently indicates that the probability of a rate hike at the September 17-18 meeting has exceeded 60%.