Attention is focused on the Bank of Japan's dialogue strategy in response to market confusion, leading up to the decision-making meeting from the 19th, to maintain the policy.

September 17, 2024 10:00 JST (excerpt)
If an interest rate hike in October is assumed, there is also the perspective of some kind of signal in Governor Ueda's press conference.
There are voices calling for improvement in communication, and the response to the rate hike in July has been poorly rated.
It is expected that the Bank of Japan will decide to maintain the current monetary policy this week. Given the hawkish remarks made by Governor Kazuo Ueda during the rate hike in July, which was a factor in the financial market turmoil in August, attention is now focused on the Bank's dialogue strategy with the market regarding the operation of monetary policy.
According to multiple sources, it is highly likely that the Bank of Japan will decide to maintain the unsecured call money rate at around 0.25% during the monetary policy meeting on the 19th and 20th. This is seen as a stance to assess the impact of the rate hike in July and the destabilization of the financial market. A Bloomberg survey of 53 economists also revealed that all of them predicted no change in policy. On the other hand, nearly 70% expect additional rate hikes by the end of the year.