Bank of Japan unlikely to take rates higher this week

Analysts and investors are betting against a rate increase at the Bank of Japan’s policy board meeting this week, as the last move higher was just in September. The current economic situation does not reflect these conditions,” said Tsuyoshi Ueno, executive research fellow at NLI Research Institute. No one recently polled by Bloomberg expects a rate increase at the October meeting, which runs for two days and ends Friday.

About 83% predict that the central bank will raise rates in December.