【Capital Economics: Uncertainty over tariffs may delay the Bank of Japan's interest rate hike until 2026】 Capital Economics stated that the tariff issue continues to lack clarity, which may postpone the Bank of Japan's actions to tighten monetary policy. The agency's base forecast remains that Tokyo will reach an agreement with Washington to avoid a 25% tariff threat. If this situation occurs soon, and tariffs are not raised or only modestly increased, the rationale for the Bank of Japan to raise interest rates in October will not be shaken. The current inflation rate is far higher than the Bank of Japan's prediction from May, and the Japanese economy has performed relatively well so far. However, economist Marcel Thieliant stated that any further delays in negotiations or significant increases in tariffs could persuade the central bank to postpone interest rate hikes until next year.