The Bank of Japan is expected to keep its benchmark interest rate unchanged at the upcoming meeting on October 31, according to a survey conducted by Bloomberg among economists.

Almost all of the 53 analysts surveyed anticipate a decision to maintain rates, with a majority predicting a potential increase in December. Currently, 53% of respondents believe that the BOJ will raise rates in December, making it the favored timeframe for a shift. Meanwhile, expectations for a rate increase in January have risen to 32%, up from 19%, indicating a growing sentiment that adjustments may occur early next year. The outlook for an October move has diminished, reflecting a cautious approach from the central bank as it continues to assess the economy.