The Bank of Japan is expected to keep its benchmark interest rate at 0.25% during its upcoming two-day meeting due to uncertainty surrounding Japan's political landscape and the upcoming US presidential election.
A survey conducted by Bloomberg shows that almost all economists, except for one, predict that Governor Kazuo Ueda and the central bank's board will choose a cautious approach given the current economic climate.
Financial markets are preparing for potential volatility as they await the outcomes of the elections in both countries, which could have a significant impact on monetary policy and economic stability.