Japanese voters will head to the polls on Sunday for the national election. Polls indicate that the ruling Liberal Democratic Party (LDP) may lose its dominant position, which has been maintained for over a decade.

This could complicate the Bank of Japan's (BOJ) monetary policy plans.

The BOJ is expected to hold a meeting next week and may maintain ultra-low interest rates, while also potentially signaling a less dovish policy stance due to easing concerns about a U.S. economic recession and the need to prevent speculators from excessively pushing down the yen.

The core inflation rate in Tokyo fell below the BOJ's 2% target for the first time in October

2024年10月28日