Investors were disappointed by the summary of opinions from the Bank of Japan's September meeting. They had hoped to see from it that policymakers might be ready to take action again this month; affected by this, the yen weakened against the US dollar and fell 0.5% at one point to 158.21, the worst performance among G-10 currencies. The Bank of Japan confirmed in its summary of opinions that the policy focus has shifted to preventing inflation from exceeding the target. Other opinions put forward by policy makers include that neutral interest rates may be higher than estimated; many companies believe that the impact of interest rate hikes so far has been limited; and that policy interest rates should be raised further as soon as possible. The swap market's pricing for the Bank of Japan's interest rate hike before October 30 fell from over 30% on Wednesday to slightly less than 20% on Thursday morning. The market has fully reflected the possibility of interest rate hikes at the December meeting.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.