The Bank of Japan is expected to raise interest rates in December or January, maintaining a focus on normalizing monetary policy despite recent political challenges. Governor Kazuo Ueda indicated that easing risks in the U.S. economy could create favorable conditions for a hike, while the yen's fluctuations and domestic fiscal developments will heavily influence timing. Analysts predict that the upcoming supplementary budget, aimed at economic aid, will be crucial in determining the BOJ's next steps.
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