The Bank of Japan announced Tuesday it was keeping its monetary policy steady, a move that was in line with market expectations.
Reuters poll. December data is scheduled to be released on Friday.
When both food and energy prices are excluded, however, consumer prices rose just 0.3 percent in November.
Given those figures, “it’s very hard to believe [the] BOJ will send any signal that they will change the policy anytime soon,” Kazuo Momma, executive economist at Mizuho Research Institute told CNBC’s “The Rundown.”
BOJ Governor Haruhiko Kuroda is expected to speak during a post-meeting briefing later on Tuesday and is expected by some to talk down expectations of a change in policy.
Kiyoshi Ota | Bloomberg | Getty Images
Pedestrians cross a road in front of the Bank of Japan headquarters in Tokyo, Japan, on Tuesday, Oct. 31, 2017.