Daiwa Securities strategist Kenta Tadaide said the Bank of Japan's October meeting will focus not just on whether to raise rates but on how members advocating a renewed inflation upswing will vote and on whether the economic minister attends. At September's meeting board members Asada and Sato opposed lifting the policy rate to 1.25%. Tadaide said it is unclear whether those votes reflect political intent, but the possibility is market‑relevant. He added the US-Japan rate gap remains the main dr

Daiwa Securities strategist Kenta Tadaide said the Bank of Japan's October meeting will focus not just on whether to raise rates but on how members advocating a renewed inflation upswing will vote and on whether the economic minister attends. At September's meeting board members Asada and Sato opposed lifting the policy rate to 1.25%. Tadaide said it is unclear whether those votes reflect political intent, but the possibility is market‑relevant. He added the US-Japan rate gap remains the main driver of yen weakness, yet a self-reinforcing loop may form: further yen declines would strengthen the case for BOJ hikes and prompt sharper verbal warnings from Japanese and US officials.