There’s still plenty of data before December meeting, including Tankan reportNeed 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.
