According to Jinshi Data, Gregor MA Hirt, global chief investment officer of Allianz Investments, said that the Bank of Japan is expected to keep interest rates unchanged in December and may provide guidance on the next move, but will not commit to specific measures.
Hirt pointed out that although the economic situation may support a rate hike, there are concerns within the Bank of Japan about acting too early and that delaying a rate hike has no negative impact. He does not expect the Bank of Japan to take any rate hike measures before the holiday.
Hirt added that the press conference following the rate decision will be key to watching for clues on the Bank of Japan's confidence in its outlook.