BOJ needs a different response from conventional semi-annual rate hike paceNeed to consider a broad range of options, not just 0.25% rate hike each timeNeutral rates could diverse from levels calculated based on conventional analysisA rate hike should be assessed at every meeting, so consecutive rate hikes could be a possibilityWill not comment on Bessent's remarks regarding BOJ policyIt's certainly interesting to see how the communication tone has shifted among Japanese policymakers.Before all this, it was still the usual careful and more curated approach in trying to leave all options on the table. It was a case of always saying that "we cannot confirm nor deny" whether we will raise interest rates.Now after the joint intervention effort from the US, we can see that the conversation has changed to side with just one direction. It's no longer about if we are going to raise interest rates, but suddenly it's about needing to do more perhaps and not just stick to their previous convention.As mentioned before, the BOJ has had ample of time and opportunity to have stepped up the pace of rate hikes in the past. It was the case when right before Takaichi took over as prime minister and also earlier this year before the US-Iran conflict broke out. Yet, they took their own sweet time and brought this predicament onto themselves.And this sort of hurried response isn't exactly framed in the best timing now, with the Japanese economy coming under pressure alongside a bond market that is looking to crack.USD/JPY continuing to knock on the door of the 160 mark is all but a testament to the dire position that Japan is finding themselves in. This article was written by Justin Low at investinglive.com.