The BOJ is reportedly highly likely to leave its policy rate unchanged at the meeting at the end of this month. The possibility of a rate hike in December has not been ruled out.
The BOJ is highly likely to decide to leave its policy rate unchanged at its monetary policy meeting at the end of this month, according to multiple people familiar with the matter. After raising the rate to approximately 1.25% at its previous meeting in September, prices and economic conditions have continued to track the BOJ's outlook, and views indicate that the need for another rapid rate hike has not increased.
According to people familiar with the matter, the current policy rate is around 1.25%, and the risk of a significant increase in inflation is not considered to be present. As economic conditions and prices are tracking the BOJ's outlook, there is a shared view that the bank is expected to leave rates unchanged at this month's meeting.
The possibility of a rate hike in December has not been ruled out, however, and cautious views on the outlook remain.