BoJ seen leaving rates on hold; will Governor Ueda provide hints on timing of next rate hike?
Key points
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We expect BoJ will leave policy rate on hold at 0.50% this week, with more time needed to determine impact of US tariffs
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Focus will be on Governor Ueda's press conference and on whether he indicates specific conditions for next rate hike or gives sense of possible timing
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We think available data and political calendar will serve as major obstacles to rate hike at October Monetary Policy Meeting