Thomson Financial News - Inflationary threats are growing in Japan, too. However, whereas inflation rates in Europe and the United States have surpassed well above a 2 percent target pinned for a possible policy change, inflation rates measured by the Bank of Japan locally have been within the range of zero and 2 percent, levels which do not provide the BoJ with enough motivation to raise interest rates. Even so, the tide is in favor of rises in Japanese interest rates, because current outlooks for monetary policies in and outside Japan will likely keep the yen weaker, supporting the stock market in return.