Look forward to the Bank of Japan’s interest rate decision at next Friday’s meeting

The Bank of Japan is taking center stage in Asia this week as investors look for more signals from Governor Kazuo Ueda on the direction of policy.
While economists polled by Bloomberg expect no change at Friday’s meeting, they will be closely scrutinizing any comments on the future of negative interest rates after Ueda recently touched on the possibility of their cancellation.
BOJ policymakers will also be wary of any effects from the Fed’s earlier decision that may affect assets in the region, including the yen.
The rush of global monetary decisions for the next 36 hours could set the trend for the rest of the year as the world adjusts to the US campaign to keep interest rates high.
Starting with the Fed meeting on Wednesday and ending with the Bank of Japan meeting two days later, monetary policy will be determined at key meetings across half of the group of twenty.
Central banks in advanced economies, which account for six of the ten most traded currencies, may be attracting particular attention as global policymakers adjust to the theme raised by U.S. officials at Jackson Hole in August: that interest rates are likely to stay higher for longer.
All the evidence suggests that inflation has not been fully tamed in most parts of the world, and the constant rise in crude oil prices raises fears of further pressure.
So, no one will dare to announce the end of their mission, even given the possibility that on Thursday the central banks of countries from the UK to Switzerland will open the door to a temporary pause, as happened last week in the Eurozone, according to Bloomberg.