[Bank of Japan September Meeting Minutes: Deflation History Influences Rate Hike Decisions] The Bank of Japan's September meeting minutes reveal that some committee members remain cautious about raising interest rates due to Japan's long history of deflation, differing from the views of two members who support a rate hike. One member emphasized that the Bank of Japan needs to differentiate itself from other central banks and anchor inflation expectations at 2%. The minutes also disclosed that Governor Kazuo Ueda faced two dissenting votes against maintaining the current interest rate for the first time. While the minutes mentioned the possibility of a rate hike in the near term, they stressed the need for more supporting data. The Bank of Japan will decide its next policy steps on December 19, with markets closely watching for signals of a rate hike and its impact on financial markets.