The Bank of Japan meet this week, announcement due on Friday September 20.
The Bank is not expected to hike rates again:
Ueda and his colleagues will be eyeing the data showing slowing export growth:
In summary:
- exports rose for a ninth straight month, but at a much slower-than-expected pace in August
- shipment volumes fell 2.7% y/y, the seventh consecutive month of declines
- indicating slowing global demand is impacting a previously bright light for Japan's economy
- imports showed a huge miss also, weaker import performance is often a sign of an economy slowing down