[Capital Economics: Bank of Japan May Be More Pessimistic About Japan's Economic Activity] According to a report by Golden Finance on July 24, Marcel Thieliant, Head of Asia-Pacific at Capital Economics, stated that the Bank of Japan might become more pessimistic about Japan's economic activity and is likely to keep interest rates unchanged at next week's meeting. Thieliant pointed out that although the Bank of Japan believed in June that the downside risks to economic activity had diminished, 'we think the recent rebound in oil prices has dampened the central bank's optimism.' Thieliant added that the Bank of Japan will 'certainly maintain its view that inflation risks are skewed to the upside.' Capital Economics expects the Bank of Japan to raise the policy rate to 1.25% in October. (Jin10)