Japan's core CPI growth rate slowed down in September, and the Bank of Japan is expected to stand pat at the end of this month
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Japan's national core CPI in September rose by 2.4% year-on-year, lower than the previous value of 2.8%, marking the first slowdown in five months. The Bank of Japan is expected to keep the benchmark interest rate unchanged at 0.25% in the rate decision on October 31st. Market participants are now delaying their expectations for the next rate hike until January next year. Bank of Japan board member Adachi Seiji emphasized the need for a gradual rate hike to maintain a loose financial environment. Economists believe that the Bank of Japan will observe the performance of the U.S. economy before further rate hikes
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