Thomson Financial News - Japan's inflation rate remains low compared to those of the U.S. and Europe and it is within the level of stable inflation. The situation is not one where the Bank of Japan needs to hurry in raising interest rates. After the recent hawkish remarks by officials from the ECB and the Fed, the market grew more cautious that BoJ Governor Shirakawa may also provide hawkish comments. But I think he is likely to stress the economic downside risks more than the need to raise rates to curb inflation.