BOJ Watchers Push Back Rate Hike Call After Takaichi Takes Helm

Bank of Japan watchers pushed back their forecast for the next interest rate hike timing in a dramatic shift from last month, with only a few expecting a move next week, according to the latest Bloomberg survey.

Some 10% of 50 economists predict the BOJ will raise its benchmark rate at the end of a two-day policy meeting on Oct. 30, plunging from 36% in the previous survey, according to the poll. December became the most popular timing with 50% projecting it followed by 38% for January.