Bank of Japan unlikely to take rates higher this week

What happened: Analysts and investors expect the Bank of Japan to hold rates at its two day policy board meeting ending Friday, after the last increase in September. Key numbers: About 83% of those polled by Bloomberg predict a rate hike in December. No one recently polled expects an increase at the October meeting. Why it matters: Tsuyoshi Ueno of NLI Research Institute said a consecutive or large hike is an option only when underlying inflation is overshooting or a sharp upside risk is growing, conditions he said the current economy does not reflect.

Analysts and investors expect the Bank of Japan to hold rates at its two day policy board meeting ending Friday, after the last increase in September.

Tsuyoshi Ueno of NLI Research Institute said a consecutive or large hike is an option only when underlying inflation is overshooting or a sharp upside risk is growing, conditions he said the current economy does not reflect.