Bank of Japan Debates Timing of Interest Rate Hikes Amid Market Volatility The Bank of Japan (BOJ) remains split on when to raise interest rates, with some policymakers urging caution due to potential market volatility,

The central bank is expected to keep its policy rate unchanged and slated to release its quarterly outlook on growth and prices.

Stefan Angrick, associate director and senior economist at Moody’s Analytics, described the tone of the BOJ’s Outlook Report as being “moderately” hawkish.

The Bank of Japan should avoid overhauling its ultra-loose monetary policy now, the head of a kingmaker opposition party said on Tuesday, a sign the ruling coalition's devastating loss in a weekend election was complicating its rate hike plan.

The summary of opinions from the BOJ’s October policy meeting on Monday revealed divisions among members on the timing of future interest rate hikes, with some warning of the risk of renewed market volatility.