Headline: "Anticipation Grows: BOJ Likely to Hold Rates Steady in October, Hints at Hike in December"
According to a Bloomberg survey, most economists expect the Bank of Japan (BOJ) to maintain its benchmark interest rate next week, with an increase anticipated in December or January. The survey indicates that nearly all of the 53 BOJ watchers predict no rate hike at the conclusion of the two-day meeting on October 31. A segment of 53 foresees a rate hike in December, maintaining it as the most popular timing. Meanwhile, those expecting a January rate increase have risen from 19% to 32%, showing a decline in expectations for this month. About half of the survey respondents stated that it would be difficult for Prime Minister Ishiba to continue his dovish comments, as they promote the weakening of the yen. According to the median forecast of the responses, if the yen reaches 155, Ishiba will signal greater acceptance of a rate hike.