BoJ Set to Deliver Hawkish Hike Amid Rising Inflation and Pressure from US

The Bank of Japan is set to raise its benchmark interest rate from 1% to 1.25%, according to market expectations.

This decision comes amid rising inflation, strong GDP data, and pressure from the US administration.

The BoJ's monetary policy meeting will close a week packed with central bank decisions on Friday, with markets particularly interested in confirming expectations of a hawkish shift that has boosted a strong Japanese Yen recovery in September.