Expectations that Japanese consumer prices will remain above the Bank of Japan's 2% target, moderate economic expansion and rising wages all provide reason for the Bank of Japan to raise interest rates.
However, the market remains skeptical about the Bank of Japan's intention to further tighten monetary policy.
The case for the Bank of Japan to keep interest rates unchanged at its meeting this week is growing as economic data has been mixed.
This Thursday, the Bank of Japan will hold its last monetary policy meeting russia phone number list of the year.
Currently , Bank of Japan officials are open to raising interest rates in December. While the bank will consider raising rates, there is limited urgency to act.
Overall, many policymakers believe they should not rush into making decisions because the risk of Japan's inflation overshooting is small.
The market also generally expects that the central bank will keep interest rates unchanged this Sunday.
Traders put the chances of the bank taking action this time at less than 20%.
It is worth noting that before Japan's interest rate meeting, the Federal Reserve will be the first to announce its interest rate decision, and it is expected to cut interest rates by another 25 basis points in December .