Ahead of the BOJ’s monetary policy meeting on 29–30 October, remarks by the governor and Policy Board members could influence the course of the next rate hike. Attention is focused on economic data and official comments.
The BOJ is approaching this month’s monetary policy meeting. The meeting will be held on 29 and 30 October, and the future direction of the Bank of Japan’s interest-rate policy is expected to be reaffirmed. Market participants are watching the meeting’s announcements and signals from the central bank.
The BOJ is expected to have more opportunities this week to send messages about its control of policy rates. There is growing speculation that remarks by the governor and Policy Board members could affect the likelihood of an additional rate hike.
Economic data released going forward is also expected to affect whether the BOJ implements an additional rate hike. Particular attention is being paid to the possibility that price trends and growth-related data could influence the BOJ’s outlook.
The series of articles by Ueno Hiroya (上野泰也), who covers BOJ-related topics, is also providing analysis, while market participants assess developments surrounding the meeting from various angles and look ahead to upcoming events.