- There’s still plenty of data before December meeting, including Tankan report
- Need to scrutinise those data in deciding whether rate hike would be appropriate
Nakamura is one of the more dovish members, so you’d expect a more cautious tone at least. As things stand, traders are pricing in ~38% odds of a 25 bps rate hike by the BOJ for the 19 December meeting.
This article was written by Justin Low at www.forexlive.com. Source