BOJ will send useful signals even with Ueda absent

KEY TAKEAWAYS

• The Bank of Japan (BOJ) is prepared to raise rates to 1% and could also announce that it will freeze the pace at which it will reduce bond purchases in 2027.
• With Governor Ueda Kazuo hospitalized, the BOJ’s communication may be particularly cautious, but the meeting could still provide insight into the bank’s intentions while providing a snapshot of the structure of the market for Japanese government debt going forward.