[Japanese Prime Minister Supports Recent Interest Rate Hike by the Bank of Japan] BlockBeats News, August 13: Japanese Prime Minister Sanae Takaichi has expressed support for the Bank of Japan's recent interest rate hike, with the next move possibly occurring in September or October. Concerns from the Bank of Japan over the weak yen driving up prices, along with the government's desire to enhance the effectiveness of recent U.S.-Japan joint foreign exchange market interventions, have aligned both parties on the necessity of a near-term rate hike. The Japanese Prime Minister's Office stated that specific monetary policy measures, including interest rate hikes, should be decided by the Bank of Japan, but the central bank should work closely with the government to achieve the 2% inflation target in a "stable manner." (Bloomberg)