On June 30, the Bank of Japan appointed Ayano Sato, seen as a supporter of loose monetary policy, as a new policy board member. This appointment increases the likelihood of two dissenting votes on future interest rate hike proposals. Although the nine-member committee still maintains a hawkish stance overall, this structural change may slow the pace of policy tightening by the Bank of Japan. Additionally, the committee's most steadfast hawkish members, Naoki Tamura and Hajime Takeda, will leave their positions in July next year, adding uncertainty to the path of policy tightening. Sato is scheduled to hold a press conference on Tuesday at 5 PM Tokyo time (4 PM Beijing time), and the market will closely watch whether she aligns with Masayoshi Amamiya in opposing further tightening. Her formal policy debut will occur at the meeting on July 30-31, where it is widely expected that the Bank of Japan will keep interest rates unchanged. The market will weigh the evident monetary caution of Sato, related to the financing costs of government investment plans, against the Bank of Japan's established position of continuing to tighten policy in response to price pressures driven by energy shocks.