According to a survey of Bank of Japan watchers, all respondents expect the current monetary policy to be left unchanged at the October meeting, while December is the leading view for the timing of the next rate hike.
The Bank of Japan is expected to hold its monetary policy meeting on the 29th and 30th. According to a survey by Nikkei QUICK News, all respondents expected the policy rate to be left unchanged at the current 1.25%.
At the previous meeting in September, the Bank decided to raise rates for the first time in 3 months and indicated a policy direction toward a rate of approximately 1.25%. Expectations are strong that the policy of leaving rates unchanged will continue.
December is seen as the most likely timing for the next rate hike, with more than 80% expecting it to come then.