{
  "id": 15723240,
  "title": "BoJ to leave rates steady, raise inflation forecast in October meeting – Reuters",
  "url": "https://urgent.news/2026/10/20/boj-to-leave-rates-steady-raise-inflation-forecast-in-october-meeting",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T07:36:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/boj-to-leave-rates-steady-raise-inflation-forecast-in-october-meeting-reuters-202610200736"
  },
  "original_language": "en",
  "account": "The Bank of Japan (BoJ) has announced that it will maintain interest rates steady but increase its inflation forecast in their upcoming October policy meeting, according to four sources familiar with the bank's plans. This decision comes as rising oil prices are significantly impacting consumer prices, potentially pushing the BoJ to upgrade its inflation forecast for fiscal year 2027. The central bank, responsible for issuing banknotes and controlling currency and monetary policy in Japan, aims to achieve an inflation target of approximately 2%. The BoJ has been implementing an ultra-loose monetary policy since 2013 to stimulate the economy and fuel inflation in a low-inflation environment. In 2016, the bank intensified its strategy with negative interest rates and direct control over the yield of 10-year government bonds. In March 2024, the BoJ began to taper its ultra-loose policy, causing the Yen to depreciate against major currencies. This trend has since reversed as the BoJ abandoned its ultra-loose policy stance in 2024. The weakening Yen, coupled with global energy price increases, has contributed to higher Japanese inflation, surpassing the 2% target. Additionally, rising salaries in Japan have also played a role in this shift. Financial markets expert Sagar Dua highlights that this decision comes amidst improving market sentiment and a pause in the US Dollar's rebound, while geopolitical risks and anticipation of AI tech earnings reports may temper the yen's upward movement.",
  "summary": "According to a Reuters report, four sources familiar with the Bank of Japan’s (BoJ) thinking have cited that the central bank will leave interest rates steady and raise its inflation forecast in the October policy meeting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}