The Bank of Japan is expected to leave its policy rate unchanged at the current 1.25% at the monetary policy meeting starting on the 29th. Price trends and the future course of monetary easing are expected to be the focus of the meeting.
The Bank of Japan is reported to be planning to leave its current policy rate of 1.25% unchanged at the monetary policy meeting starting on the 29th. Market participants are assuming this outcome, but the formal decision will not be made until the meeting's announcement.
Against this backdrop, views have been reported that the underlying inflation rate will approach 2%. Some believe that maintaining the current interest rate will influence the outlook for prices and the direction of monetary policy going forward.
Following the meeting, the published statement and assessment are expected to provide further indications of the policy stance and the outlook. Attention is also expected to focus on the remarks by Bank of Japan Governor Ueda (植田).