Bank of Japan Meeting Concludes Amid Rate Hike Expectations

The Bank of Japan's monetary policy meeting has entered its final stretch, with markets eagerly anticipating Governor Kazuo Ueda's press conference and key economic indicators from the US. The consensus is that the central bank will raise its policy rate to 1.25%, up from 1.00% at the previous meeting.

The Bank of Japan will announce its policy rate decision on September 18, following the conclusion of its monetary policy meeting. Governor Ueda's press conference at 3:30 p.m. Japan time is expected to provide insight into the rationale behind the decision and future policy management.

In a separate development, Japan's August national Consumer Price Index (CPI) will be released at 8:30 a.m. Japan time, with a market forecast of 2.0% year-on-year increase compared to 1.9% in the previous month. This data point will assess whether the Bank of Japan can achieve its price target.

Overseas, the US industrial production index and leading economic indicators will be released, while the European Central Bank's eurozone CPI forecast is also due out. Additionally, India's foreign exchange reserves for the previous week will be announced.