According to a report from Jinshi Data, ING Group stated that the second quarter Tankan survey released by the Bank of Japan shows that despite the uncertainties of the trade war, both large and small enterprises in Japan remain generally optimistic. The manufacturing PMI has entered expansion for the first time in 12 months. ING Group expects that the Bank of Japan may raise interest rates by 25 basis points in October this year, but if the US-Japan trade agreement is reached earlier than expected and on more favorable terms, the rate hike could occur in September.