The Bank of Japan is widely expected to leave its policy rate unchanged at a two-day meeting from Thursday, a month after implementing a hike for the first time in 17 years, though a persistently weak yen is raising the prospect of higher inflation driven by import costs.
The Bank of Japan decided on July 28 to make its controversial yield curve control program less rigid, allowing 10-year Japanese government bond yields to rise above its 0.5 percent cap.
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