The Bank of Japan is widely expected to raise its policy rate at its Monetary Policy Meeting on the 15th and 16th, with the market focused on the pace of rate hikes and the terminal rate. As concerns that the Bank may be “behind the curve” on upside inflation persist, the outcome of its decision is in focus.
The Bank of Japan is widely expected to raise its policy rate at the Monetary Policy Meeting it will hold on the 15th and 16th. Ahead of the meeting, reports indicate that the market is focused on the direction of interest rate policy.
The market's attention is concentrated on the pace of rate hikes and the terminal rate, the final level of the policy rate, amid concerns that the Bank could fall behind the curve on upside inflation.