ICYMI, from the Bank of Japan on Thursday:

I posted this earlier on what's holding Ueda back:

Wells Fargo don't think he'll be constrained for too long, not looking for a December hike though:

  • an environment of gradually improving economic growth, inflation that is expected to remain around target in medium term, but some degree of political uncertainty
  • WF project that the Bank of Japan will proceed with further rate hikes at a somewhat gradual pace
  • WF remain comfortable with forecast for policy rate hikes by 25 bps at each of its January 2025 and April 2025 meetings,
BoJ Ueda