Bank of Japan officials see the possibility of mulling another interest rate hike this year after the U.S. and Japan struck a trade deal this week, according to people familiar with the matter.

The officials view the deal as reducing a key source of uncertainty for Japan¡¯s economy and businesses, allowing the central bank to focus on monitoring the tariffs¡¯ actual impact in incoming economic data, the people said.

With more clarity over trade, the central bank may be able to make a decision on policy at an earlier stage after parsing data and information from companies.