BoJ expected to leave rates on hold while noting increased confidence in its outlook
Key points
- Governor Ueda says Bank "has time" to make rate hike decision, suggesting it is likely to leave policy rate on hold at October MPM
- BoJ seen maintaining baseline scenario in Outlook Report; focus will be on balance of risks to price outlook
- Ueda expected to avoid definitive statements on timing of next rate hike but may suggest increased confidence in outlook
