Bank of Japan holds rates; governor flags possible near hike

Thursday, October 30, 2025 at 02:30 UTC+01:00 (+0100), Japan, Tokyo

News category : Macroeconomic Events

The Bank of Japan’s Monetary Policy Meeting on October 30 resulted in a decision to hold the policy guideline steady, while Governor Kazuo Ueda and some board members highlighted that a rate increase could become appropriate if wages continued to firm. The statement and accompanying press remarks pushed investors to price a higher probability of a December BOJ tightening, and the yen weakened initially as markets digested the split vote and still-cautious tone. Japanese bond yields reacted with increased dispersion across maturities as traders repositioned for a potential change in the BOJ’s path. Market participants said the BOJ’s mix of caution and conditional hawkish language adds to global policy uncertainty by creating asymmetric risk for currency and equity flows out of Japan.

Overall market impact

Mild mixed market impact - strength score : 78/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

To access impact scores per sectors and asset classes - you’ll need to subscribe to a membership

Impacted instruments :

JPY FX pairs

Japanese government bonds (JGBs)

Nikkei 225 and export stocks

Asia regional equities

Currency intervention/insurance markets

Discover Full Article Details and Insights with a Membership

To access the full article—along with in-depth analysis of how this event could impact the markets—you’ll need to subscribe to a membership. Our community of expert analysts will help you understand the implications clearly and provide relevant guidance to support your investment decisions.