The Bank of Japan is expected to hold rates steady at a two-day policy board meeting that begins Thursday, even as Japanese government bonds remain volatile and the yen continues to be weak.
“It takes time for the effects of monetary policy changes to manifest,” said Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research & Consulting. “I see no compelling reason to rush into an additional rate hike at this meeting.”
All 52 BOJ watchers surveyed by Bloomberg earlier this month predicted no rate increase at the BOJ policy meeting, which ends Friday.
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